The new dividend rate, which translates to an annual payout of $3.76, arrives against the backdrop of the company's recent market performance. Based on Tuesday's closing stock price of $828.84, the dividend yield now sits at approximately 0.45%, a modest rise from the prior 0.4% level. Shareholders of record as of September 1 are eligible for the payment, which the company confirmed will be distributed on October 1.
McKesson Lifts Quarterly Dividend to 94 Cents
Investors in Irving-based drug wholesaler McKesson will see a 15% increase in their quarterly dividend, pushing the payout to 94 cents per share. This adjustment from the previous 82-cent rate reflects the company's latest capital allocation decision, announced Wednesday following board approval.
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