McKesson Corporation
MCKHealthcare · Stock · quarterly payer
Forward Yield
0.46%
Annual Dividend
$3.76
Payout Ratio
8%
5-Yr Growth
13.0%
Ex-Date
Sep 1, 2026
Frequency
Quarterly
Summary
As of July 2026, McKesson Corporation (MCK) yields 0.46% ($3.76 per share annually), with a blended fair-value estimate of $1,448.93 — +72% upside, so it screens as undervalued. Dividend safety grade: A (96/100). 18 years of dividend growth.
Is MCK a good dividend stock?
YesMcKesson Corporation (MCK) pays a quarterly dividend yielding 0.46% ($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 (8%)
- Strong 13.0% 5-yr dividend growth
- 312% total price return over 5 years
- Top-tier dividend safety score
Risks
- Cut its dividend in 1999
Key Data
- Dividend Yield
- 0.46%
- Payout Ratio
- 8%
- Annual Dividend
- $3.76
- 5-Yr Avg Growth
- 13.0%
- Ex-Dividend Date
- Sep 1, 2026
- Years of Growth
- 18
- Frequency
- quarterly
- Beta
- 0.32
- Market Cap
- $98.5B
- P/E Ratio
- 21.9
- 5-Yr Total Return
- 312%
- 52-Week Range
- $637.00 – $999.00
- Dividend Safety
- A · 96/100
- Ever Cut?
- Yes (1999)
Frequently Asked Questions
MCK Price — Last 12 Months
Daily close
Price Return
1 Year
+22%
3 Years
+104%
5 Years
+312%
52-Week Range
$637.00 – $999.00
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is MCK worth?
Undervaluedmedium confidenceOur blended fair-value estimate for McKesson Corporation is $1,448.93 per share, versus a market price of $840.90. That implies 72% of upside — a margin of safety of about 42%.
Fair Value
$1,448.93
Current Price
$840.90
Upside
+72%
Margin of Safety
42%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 1.0% annual free-cash-flow growth. We model 14.3% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.0% discount rate (CAPM), 14.3% stage-1 growth, 2.5% terminal growth, $38.34 EPS, $3.76 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
MCK Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jun 1, 2026 | — | $0.8200 | regular |
| Mar 2, 2026 | — | $0.8200 | regular |
| Dec 1, 2025 | — | $0.8200 | regular |
| Sep 2, 2025 | — | $0.8200 | regular |
| Jun 2, 2025 | — | $0.7100 | regular |
| Mar 3, 2025 | — | $0.7100 | regular |
| Dec 2, 2024 | — | $0.7100 | regular |
| Aug 30, 2024 | — | $0.7100 | regular |
| Jun 3, 2024 | — | $0.6200 | regular |
| Feb 29, 2024 | — | $0.6200 | regular |
| Nov 30, 2023 | — | $0.6200 | regular |
| Aug 31, 2023 | — | $0.6200 | regular |
| May 31, 2023 | — | $0.5400 | regular |
| Feb 28, 2023 | — | $0.5400 | regular |
Income Calculator
At $3.76 / yr per share
