McKesson Raises Quarterly Dividend by 15% to $0.54 Per Share

Rhea-AI Summary

On July 22, 2022, McKesson Corporation (NYSE:MCK) declared a regular dividend of $0.54 per share, marking a 15% increase from the previous $0.47. The dividend will be payable on October 3, 2022, to shareholders of record as of September 1, 2022. CEO Brian Tyler emphasized the dividend increase reflects robust cash flow and the company’s confidence in its long-term growth strategy. Notably, this marks the sixth consecutive year of dividend increases for McKesson.

Positive

• Dividend raised to $0.54, a 15% increase from $0.47.
• Demonstrates strong cash flow generation.
• Sixth consecutive year of dividend increases highlights commitment to returning capital to shareholders.

Negative

• None.

IRVING, Texas--(BUSINESS WIRE)-- The Board of Directors of McKesson Corporation (NYSE:MCK) declared on July 22, 2022 a regular dividend of $0.54 per share of common stock, a 15% increase from $0.47 per share in the prior quarter. The dividend will be payable on October 3, 2022, to stockholders of record on September 1, 2022.

“This dividend increase demonstrates our continued commitment to returning capital to shareholders as part of our disciplined capital allocation framework,” said Brian Tyler, chief executive officer. “It exemplifies the strength of our consistent cash flow generation and reflects our confidence in the long-term trajectory of the business.”

McKesson has increased its dividend for six consecutive years.

About McKesson Corporation

McKesson Corporation is a diversified healthcare services leader dedicated to advancing health outcomes for patients everywhere. Our teams partner with biopharma companies, care providers, pharmacies, manufacturers, governments, and others to deliver insights, products, and services to help make quality care more accessible and affordable. Learn more about how McKesson is impacting virtually every aspect of healthcare at McKesson.com and read Our Stories.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220723005007/en/

Rachel Rodriguez, 469-260-0556 (Investors)

Rachel.Rodriguez@McKesson.com

David Matthews, 214-952-0833 (Media)

David.Matthews@McKesson.com

Source: McKesson Corporation

FAQ

What is the dividend amount declared by McKesson Corporation (MCK)?

McKesson Corporation declared a dividend of $0.54 per share.

When will the dividend be payable for McKesson Corporation (MCK)?

The dividend will be payable on October 3, 2022.

What was the previous dividend amount before the increase for MCK?

The previous dividend amount was $0.47 per share.

On what date will McKesson Corporation's dividend record date be?

The record date is September 1, 2022.

How many consecutive years has McKesson increased its dividend?

McKesson has increased its dividend for six consecutive years.