Trailing Dividend / Share
$3.07
McKesson Corporation (MCK) Dividend History
Income profile from 1994 to 2026 with payout safety and yield-on-cost trend
Dividend Yield
0.3%
Payout Ratio
8.0%
Sustainable
Dividend Streak
18 years
MCK Dividend Income Check
Safety
8.0% payout ratio with sustainable safety profile.
Consistency
18 straight years of dividend increases.
Income Trend
Yield on cost is 1.8% and trend is rising.
MCK Dividend Scorecard
Yield & Income
Dividend Yield0.3%
Trailing DPS$3.07
FrequencyQuarterly
Payments / 12M4
Payout Safety
Earnings Payout8.0%
Earnings SafetySustainable
FCF Payout5.5%
FCF SafetyWell Covered
Piotroski F-Score7/9
Growth
Growth Streak18 years
3Y CAGR14.8%
5Y CAGR13.0%
Yield on Cost (5Y)1.8%
YOC Trendrising
Total Returns
Buyback Yield4.5%
Total Shareholder Yield4.8%
1Y Total Return28.4%
5Y Total Return346.3%
Div Contribution (5Y)6.5%
Estimated $10K growth (return + dividends):
5Y ago$44,63010Y ago$54,24120Y ago$175,225
Uses precomputed total return metrics from screening data (not lot-by-lot dividend reinvestment transactions). Different time windows can produce different outcomes depending on market regime and entry point.
MCK Income Growth Story
Dividend per share and yield on cost over time (33 years of payments)
MCK Dividend Safety Story
EPS is the container — dividend is what's drawn out
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Dividend Analysis
Payout Safety
McKesson Corporation distributes 8.0% of earnings as dividends (Sustainable). When measured against free cash flow—a stricter test—the payout ratio stands at 5.5%, rated "Well Covered".
Piotroski F-Score: 7/9 — strong financial health.
Growth Track Record
MCK has raised its dividend for 18 consecutive years, with a 3-year CAGR of 14.8% and 5-year CAGR of 13.0%.
Total Shareholder Returns
Beyond cash dividends, MCK returns capital through share repurchases. The combined picture: 0.3% dividend yield, 4.5% buyback yield, 4.8% total shareholder yield.
Income Trend & Total Return
Yield on cost (5-year basis) has reached 1.8% and is currently rising. The 5-year total return is 346.3%, with dividends contributing 6.5% of that performance.
DRIP Growth
A $10,000 investment made 10 years ago with dividends reinvested would have grown to approximately $54,241 today.
MCK Recent Dividend Payments
Last 20 payments · Quarterly
TTM Total$13.11
Avg/Payment$0.6555
Latest Change+14.6%
| Ex-Date | Amount | Change | Yield % | Payment Date |
|---|---|---|---|---|
| Sep 1, 2026Latest | $0.9400 | ↑ +14.6% | 37.50% | Oct 1, 2026 |
| Jun 1, 2026 | $0.8200 | — | 44.64% | Jul 1, 2026 |
| Mar 2, 2026 | $0.8200 | — | 31.99% | Apr 1, 2026 |
| Dec 1, 2025 | $0.8200 | — | 35.71% | Jan 2, 2026 |
| Sep 2, 2025 | $0.8200 | ↑ +15.5% | 42.65% | Oct 1, 2025 |
| Jun 2, 2025 | $0.7100 | — | 39.35% | Jul 1, 2025 |
| Mar 3, 2025 | $0.7100 | — | 42.67% | Apr 1, 2025 |
| Dec 2, 2024 | $0.7100 | — | 42.81% | Jan 2, 2025 |
MCK Dividend vs Peers
Comparable companies in the same industry
#7 yield in peer group
Div Yield
0.3%
#7 of 7
Safety
Sustainable
8.0% payout
Streak
18Y
13.0% 5Y CAGR
Total Shareholder
4.8%
#3 of 7
| Company | Mkt Cap | Yield | Payout | Streak | Safety |
|---|---|---|---|---|---|
| MCKMcKesson Corporation | $106.2B | 0.3% | 8.0% | 18 | Sustainable |
 CAHCardinal Health, Inc… | $52.0B | 0.9% | 28.6% | 40 | Sustainable |
2nd  CVSCVS Health Corp. | $111.1B | 3.1% | 1.9% | 0 | Sustainable |
3rd  CICigna Corporation | $72.4B | 2.2% | 27.0% | 5 | Sustainable |
 JNJJohnson & Johnson | $648.0B | 1.9% | 46.2% | 56 | Sustainable |
1st  PFEPfizer Inc. | $159.2B | 6.2% | 1.3% | 15 | Sustainable |
 MRKMerck & Co., Inc. | $372.7B | 2.2% | 44.8% | 15 | Sustainable |
MCK Annual Dividend History (1994–2026)
33 years of dividend data
GrowthDecline
| Year | DPS | YoY | Pmts | EPS | Payout | Coverage | YOC |
|---|---|---|---|---|---|---|---|
| 2026YTD | $2.58 | — | 3 | $38.38 | 6.7% | 14.88x | 1.5% |
| 2025 | $3.06 | 15.0% | 4 | $25.72 | 11.9% | 8.41x | 1.8% |
| 2024 | $2.66 | 14.7% | 4 | $22.39 | 11.9% | 8.42x | 1.5% |
| 2023 | $2.32 | 14.9% | 4 | $25.04 | 9.3% | 10.79x | 1.3% |
| 2022 | $2.02 | 13.5% | 4 | $7.23 | 27.9% | 3.58x | 1.2% |
| 2021 | $1.78 | 7.2% | 4 | $-27.02 | — | — | 1.0% |
| 2020 | $1.66 | 3.8% | 4 | $4.95 | 33.5% | 2.98x | 1.0% |
| 2019 | $1.60 | 9.6% | 4 | $0.17 | 941.2% | 0.11x | 0.9% |
| 2018 | $1.46 | 17.7% | 4 | $0.32 | 456.3% | 0.22x | 0.8% |
| 2017 | $1.24 | 10.7% | 4 | $22.73 | 5.5% | 18.33x | 0.7% |
Consensus & Technical Research Suite
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Historical Returns
32+ years return with dividends reinvested.
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Peer Comparison
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MCK — Frequently Asked Questions
Quick answers to the most common questions about buying MCK stock.
How much dividend does MCK pay per share?
McKesson Corporation (MCK) pays a trailing 12-month dividend of $3.07 per share, with a current dividend yield of +0.3%. Payments are made Quarterly.
When is MCK's next ex-dividend date?
MCK's most recent ex-dividend date is N/A. You must own shares before the ex-dividend date to receive the next payment. MCK typically pays dividends Quarterly.
Is MCK's dividend safe?
MCK's dividend safety is rated "Sustainable" based on an earnings payout ratio of +8.0% and FCF payout ratio of +5.5%. With 18 consecutive years of dividend growth, the track record supports sustainability.
Is MCK a Dividend Achiever?
Yes, McKesson Corporation is classified as a Dividend Achiever with 18 consecutive years of dividend increases. The 5-year dividend CAGR is +13.0%, demonstrating above-inflation dividend growth.
How often does MCK pay dividends?
McKesson Corporation pays dividends Quarterly. The trailing 12-month total is $3.07 per share. Dividend data on this page covers 32+ years from 1994 to 2026.
How much would $10,000 invested in MCK grow with dividend reinvestment?
With dividends reinvested (DRIP), $10,000 invested in MCK five years ago would be worth approximately $44,630 today. This includes both price appreciation and compounded dividend reinvestment. Use the DRIP calculator above for other time periods.
What is MCK's yield on cost for long-term holders?
MCK's yield on cost — the current dividend divided by the original purchase price — is +1.8% for a 5-year holding period. This means long-term holders earn a higher effective yield than today's +0.3% market yield, thanks to consistent dividend growth.