MCK raises quarterly dividend 14.6% to $0.94 per share

McKesson Corporation (MCK) has announced a quarterly dividend increase of 14.63%, raising the payout to $0.94 per share. The new dividend will be paid to shareholders of record as of the ex-dividend date of September 1, 2026. This marks the company's continued commitment to returning value to shareholders.

The numbers

The previous quarterly dividend was $0.82 per share, which had been paid consistently for the last several quarters, including payments on June 2, 2025, September 2, 2025, December 1, 2025, March 2, 2026, and June 1, 2026. With the new rate, the annualized dividend per share rises to $3.76, based on the quarterly schedule. At the current price of $906.77, the trailing twelve-month yield is 0.38%, reflecting a modest yield typical of growth-oriented companies. McKesson has a strong track record of dividend growth, with a 5-year compound annual growth rate of 13.0% and 18 consecutive years of dividend increases. The company's dividend history shows a consistent upward trend, demonstrating financial stability and a shareholder-friendly policy.

What it means for income investors

For income investors, this raise translates to an additional $0.12 per share per quarter compared to the previous rate. On a per-100-share basis, the new quarterly dividend amounts to $94.00, up from $82.00, adding $48.00 in annual income per 100 shares. While the yield remains low, the consistent growth and long streak of increases may appeal to those seeking growing income over time.

Reporting based on: DividendSmart market data. Figures verified against market data where available.