On January 02, 2024, McKesson MCK will distribute a dividend payout of $0.62 per share, equating to an annualized dividend yield of 0.55%. Shareholders who owned the stock before the ex-dividend date on November 30, 2023 will receive this payout.
McKesson Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-11-30 | 4 | $0.62 | 0.55% | 2023-10-26 | 2023-12-01 | 2024-01-02 |
| 2023-08-31 | 4 | $0.62 | 0.59% | 2023-07-21 | 2023-09-01 | 2023-10-02 |
| 2023-05-31 | 4 | $0.54 | 0.59% | 2023-04-26 | 2023-06-01 | 2023-07-03 |
| 2023-02-28 | 4 | $0.54 | 0.57% | 2023-01-26 | 2023-03-01 | 2023-04-03 |
| 2022-11-30 | 4 | $0.54 | 0.56% | 2022-10-26 | 2022-12-01 | 2023-01-03 |
| 2022-08-31 | 4 | $0.54 | 0.66% | 2022-07-22 | 2022-09-01 | 2022-10-03 |
| 2022-05-31 | 4 | $0.47 | 0.59% | 2022-04-27 | 2022-06-01 | 2022-07-01 |
| 2022-02-28 | 4 | $0.47 | 0.76% | 2022-01-27 | 2022-03-01 | 2022-04-01 |
| 2021-11-30 | 4 | $0.47 | 0.9% | 2021-10-27 | 2021-12-01 | 2022-01-03 |
| 2021-08-31 | 4 | $0.47 | 0.93% | 2021-07-26 | 2021-09-01 | 2021-10-01 |
| 2021-05-28 | 4 | $0.42 | 0.89% | 2021-04-29 | 2021-06-01 | 2021-07-01 |
| 2021-03-01 | 4 | $0.42 | 0.91% | 2021-01-27 | 2021-03-02 | 2021-04-01 |
McKesson's dividend yield is on the lower end compared to its industry peers, with Patterson Cos PDCO having a higher annualized dividend yield of 3.65%.
Analyzing McKesson Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
Investors witnessed an upward trajectory in the company's dividend per share between 2020 and 2023. The dividend per share rose from $1.66 to $2.32, indicating the company's dedication to enhancing shareholder value through increased dividends.
YoY Earnings Growth For McKesson
From 2020 to 2023, McKesson has demonstrated an upward trend in earnings, with earnings per share rising from $15.65 to $27.59. This positive earnings growth bodes well for investors looking to generate income through cash dividend payouts.
Recap
This article takes an in-depth look at McKesson's recent dividend payout and its implications for shareholders. The company is currently distributing a dividend of $0.62 per share today, translating to an annualized dividend yield of 0.55%.
McKesson's dividend yield is on the lower end compared to its industry peers, with Patterson Cos having a higher annualized dividend yield of 3.65%.
Considering the increase in dividend per share from 2020 to 2023 along with an increase in earnings per share, McKesson appears to be in a strong financial position, indicating their ability to sustain dividend distributions to investors.
It is essential for investors to closely track the company's performance in the coming quarters to remain updated regarding any alterations in financials or dividend disbursements.
[Track real-time stock fluctuations for McKesson on Benzinga.](https://www.benzinga.com/quote/McKesson (NYSE: MCK))
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
