SmarterDividends
MCK

McKesson (MCK) Dividend

McKesson Corporation · Healthcare · Medical Distribution · quarterly payer

$1,092.65

Fairly valued · +6% Add to Portfolio

As of Nov 5, 2026, McKesson (MCK) pays a quarterly dividend of $0.94 per share, or $3.76 a year, a 0.35% yield at its $1,092.65 share price. The next ex-dividend date is Dec 1, 2026, paid Jan 4, 2027. It has raised its dividend 18 years in a row and has a dividend safety grade of A.

Forward Yield

0.35%

Annual Dividend

$3.76

Payout Ratio

9%

5-Yr Growth

13.0%

Ex-Date

Dec 1, 2026

Frequency

Quarterly

Key facts about MCK's dividend

Data as of · Source: SmarterDividends data

  • As of Nov 5, 2026, McKesson Corporation (MCK) has a forward dividend yield of 0.35%, based on an annual dividend of $3.76 per share and a share price of $1,092.65.
  • As of Nov 5, 2026, MCK's dividend safety grade from SmarterDividends is A (97 out of 100), which rates the dividend as very safe.
  • By SmarterDividends' count, McKesson Corporation (MCK) has raised its dividend for 18 consecutive years as of Nov 5, 2026.
  • MCK last cut its regular dividend in 1999.
  • MCK's next ex-dividend date is Dec 1, 2026, with payment on Jan 4, 2027. Shares must be owned before that date to receive the dividend.
  • As of Nov 5, 2026, MCK pays out 9% of its trailing 12-month earnings as dividends (its payout ratio).
  • MCK's dividend has grown at an average rate of 13.0% a year over the past five years.
  • As of Nov 5, 2026, MCK's 0.35% yield is 41% below its five-year average yield of 0.59%.
  • As of Nov 5, 2026, SmarterDividends' blended fair-value estimate for MCK is $1,153.66 per share, 6% above the $1,092.65 share price, so MCK screens as fairly valued.
  • McKesson Corporation (MCK) pays its dividend quarterly, 4 times a year.
  • McKesson Corporation (MCK) has raised its regular dividend 16 times and cut it 1 time across the 128 payments on record since 1994. Its most recent change was a 14.6% increase to $0.940 per share, going ex-dividend on Sep 1, 2026. The last cut went ex-dividend on Feb 25, 1999.
  • McKesson (MCK) has declared its first higher dividend of the year in July in 4 of the last 5 years; its most recent raise, 14.6%, was declared on Jul 21, 2026.
Cite this page

SmarterDividends, "MCK Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 5, 2026, https://smarterdividends.com/stocks/MCK

Is MCK a good dividend stock?

Yes

McKesson Corporation (MCK) pays a quarterly dividend yielding 0.35% ($3.76/yr), with 18 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.

Advantages

  • 18 consecutive years of dividend growth
  • Comfortable payout ratio (9%)
  • Strong 13.0% 5-yr dividend growth
  • 359% total price return over 5 years
  • Top-tier dividend safety score

Risks

  • Cut its dividend in 1999

Key Data

Dividend Yield
0.35%
Payout Ratio
9%
Annual Dividend
$3.76
5-Yr Avg Growth
13.0%
Ex-Dividend Date
Dec 1, 2026
Years of Growth
18
Frequency
quarterly
Beta
0.28
Market Cap
$127.4B
P/E Ratio
28.2
5-Yr Total Return
359%
52-Week Range
$723.68 – $1,030.27
Dividend Safety
A · 97/100
Ever Cut?
Yes (1999)

MCK dividend raises and cuts

McKesson Corporation (MCK) has raised its regular dividend 16 times and cut it 1 time across the 128 payments on record since 1994. Its most recent change was a 14.6% increase to $0.940 per share, going ex-dividend on Sep 1, 2026. The last cut went ex-dividend on Feb 25, 1999.

Ex-dateChangeOld → newMove
Sep 1, 2026Raise$0.820 → $0.940+14.6%
Sep 2, 2025Raise$0.710 → $0.820+15.5%
Aug 30, 2024Raise$0.620 → $0.710+14.5%
Aug 31, 2023Raise$0.540 → $0.620+14.8%
Aug 31, 2022Raise$0.470 → $0.540+14.9%
Aug 31, 2021Raise$0.420 → $0.470+11.9%
Aug 31, 2020Raise$0.410 → $0.420+2.4%
Aug 30, 2019Raise$0.390 → $0.410+5.1%
Aug 31, 2018Raise$0.340 → $0.390+14.7%
Aug 30, 2017Raise$0.280 → $0.340+21.4%
Aug 28, 2015Raise$0.240 → $0.280+16.7%
Aug 29, 2013Raise$0.200 → $0.240+20.0%
Show all 17 changes since 1995
Ex-dateChangeOld → newMove
Jun 8, 2011Raise$0.180 → $0.200+11.1%
Jun 8, 2010Raise$0.120 → $0.180+50.0%
Jun 4, 2008Raise$0.0600 → $0.120+100.0%
Feb 25, 1999Cut$0.125 → $0.0600−52.0%
Aug 30, 1995Raise$0.0625 → $0.125+100.0%
Every MCK payment →Download every raise and cut (CSV)
MCK ex-dividend date & scheduleNext ex-date Dec 1, 2026 · full ex-dividend historyView →MCK dividend historyEvery payment, totals by year, raises and cutsView →MCK dividend calculator100 shares pay $376.00 a year, $94.00 each quarterCalculate →MCK total return calculatorWhat $10,000 became, with dividends reinvested or taken as cashSee →

Frequently Asked Questions

Is MCK a good dividend stock?

Yes. McKesson Corporation (MCK) pays a quarterly dividend yielding 0.35% ($3.76/yr), with 18 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.

Is MCK undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, MCK's fair value is about $1,153.66 versus a $1,092.65 share price — so it looks fairly valued (+6% vs. fair value).

Is MCK's dividend safe?

MCK has a dividend-safety grade of A (97/100), based on its payout coverage, free-cash-flow, 18-year growth streak, a dividend cut in 1999, debt and yield-versus-history.

What is MCK's fair value?

Our blended fair-value estimate for MCK is about $1,153.66 per share, roughly 6% above the current $1,092.65 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is MCK a buy, hold, or sell?

We don't issue formal ratings, but on the data MCK screens as "yes" and fairly valued. McKesson Corporation (MCK) pays a quarterly dividend yielding 0.35% ($3.76/yr), with 18 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.

Will MCK cut its dividend?

MCK earns a dividend-safety grade of A (97/100), and has cut its dividend before (last in 1999). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does MCK pay a dividend?

Yes. McKesson Corporation pays a quarterly dividend of about $3.76 per share annually, a forward yield of roughly 0.35%.

How much dividend does 100 shares of MCK pay?

At $3.76 per share a year, 100 shares of MCK pay $376.00 a year in dividends before tax, about $94.00 each quarter. Buying them costs about $109,265 at the Nov 5, 2026 price.

What is MCK's dividend yield?

As of Nov 5, 2026, MCK's forward dividend yield is 0.35%, based on a $3.76 annual dividend and a $1,092.65 share price.

What is MCK's dividend per share?

As of Nov 5, 2026, MCK pays $3.76 per share per year, distributed on a quarterly basis.

What is MCK's dividend payout ratio?

As of Nov 5, 2026, MCK's payout ratio is 9% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

How many years has MCK grown its dividend?

As of Nov 5, 2026, MCK has increased its dividend for 18 consecutive years.

When is the next MCK ex-dividend date?

As of Nov 5, 2026, the next ex-dividend date on record for MCK is Dec 1, 2026.

MCK Dividend News

MCK
IncreaseMCK·Sep 2, 2026

McKesson Raises Quarterly Dividend 14.6% to $0.94

McKesson’s quarterly dividend rises 14.6% to $0.94, backed by a 9% earnings payout ratio and an A safety grade despite a below-sector yield.

Income Calculator

At $3.76 / yr per share

Per payment (quarterly)$94.00
Annual$376.00
Monthly avg$31.33
Full MCK dividend calculator →

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