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
0.4%
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 Yield0.4%
Trailing DPS$3.07
FrequencySemi-Annual
Payments / 12M4
Payout Safety
Earnings Payout8.0%
Earnings SafetySustainable
FCF Payout6.2%
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 Yield5.3%
Total Shareholder Yield5.7%
1Y Total Return3.4%
5Y Total Return312.8%
Div Contribution (5Y)6.8%
Estimated $10K growth (return + dividends):
5Y ago$41,28210Y ago$42,84320Y ago$171,504
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 6.2%, 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: 0.4% dividend yield, 5.3% buyback yield, 5.7% 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 312.8%, with dividends contributing 6.8% of that performance.
DRIP Growth
A $10,000 investment made 10 years ago with dividends reinvested would have grown to approximately $42,843 today.
MCK Recent Dividend Payments
Last 20 payments · Semi-Annual
TTM Total$12.64
Avg/Payment$0.6320
| Ex-Date | Amount | Change | Yield % | Payment Date |
|---|---|---|---|---|
| Jun 1, 2026Latest | $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 |
| Aug 30, 2024 | $0.7100 | ↑ +14.5% | 45.80% | Oct 1, 2024 |
MCK Dividend vs Peers
Comparable companies in the same industry
#7 yield in peer group
Div Yield
0.4%
#7 of 7
Safety
Sustainable
8.0% payout
Streak
18Y
13.0% 5Y CAGR
Total Shareholder
5.7%
#3 of 7
| Company | Mkt Cap | Yield | Payout | Streak | Safety |
|---|---|---|---|---|---|
| MCKMcKesson Corporation | $90.2B | 0.4% | 8.0% | 18 | Sustainable |
 CAHCardinal Health, Inc… | $52.2B | 0.9% | 31.6% | 40 | Sustainable |
3rd  CVSCVS Health Corporati… | $125.4B | 2.7% | 1.9% | 0 | Sustainable |
 CICigna Corporation | $73.6B | 2.2% | 27.0% | 5 | Sustainable |
 JNJJohnson & Johnson | $550.4B | 2.1% | 84.1% | 56 | Watch |
1st  PFEPfizer Inc. | $143.5B | 6.8% | 1.3% | 15 | Sustainable |
2nd  MRKMerck & Co., Inc. | $281.2B | 2.9% | 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 | $1.64 | — | 2 | $38.38 | 4.3% | 23.40x | 0.9% |
| 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-Based Analysis Tools
Full Stock Analysis
Deep dive into MCK consensus models and risk factors.
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Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
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Historical Returns
32+ years return with dividends reinvested.
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DCA Calculator
See how regular investing compounds over time.
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Peer Comparison
Compare growth, multiples, and margins vs sector.
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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 +0.4%. Payments are made Semi-Annual.
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 Semi-Annual.
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 +6.2%. 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 Semi-Annual. 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 $41,282 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 +0.4% market yield, thanks to consistent dividend growth.