McKesson Raises Quarterly Dividend by 15% to $0.62 Per Share

Rhea-AI Summary

MCK: McKesson Corporation Announces 15% Dividend Increase to $0.62 per Share, Payable on October 2, 2023

Positive

• McKesson Corporation (MCK) declares a 15% increase in regular dividend to $0.62 per share, showcasing confidence in their strategy and strong cash flows.
• The company has a consistent track record of dividend increases, reflecting a commitment to creating value for shareholders.

Negative

• None.

IRVING, Texas--(BUSINESS WIRE)-- The Board of Directors of McKesson Corporation (NYSE:MCK) declared on July 21, 2023 a regular dividend of $0.62 per share of common stock, a 15% increase from $0.54 per share in the prior quarter. The dividend will be payable on October 2, 2023, to stockholders of record on September 1, 2023.

“The dividend increase reflects confidence in our strategy and ability to generate sustained strong cash flows,” said Brian Tyler, chief executive officer. “We continue to remain disciplined in our approach to capital deployment and focused on driving sustainable growth while creating value for our shareholders.”

McKesson has increased its dividend for seven 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/20230721821291/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 increase announced by McKesson Corporation (MCK)?

The Board of Directors of McKesson Corporation (MCK) declared a 15% increase in the regular dividend to $0.62 per share of common stock.

When will the dividend be payable to stockholders of McKesson Corporation (MCK)?

The dividend will be payable on October 2, 2023, to stockholders of record on September 1, 2023.

How many consecutive years has McKesson Corporation (MCK) increased its dividend?

McKesson has increased its dividend for seven consecutive years, demonstrating a commitment to creating value for shareholders.