McKesson dividend history

McKesson's dividend was $3.17 a share in fiscal 2026, up 15.3% on the year before. That was 8.0% of net income. It has raised its dividend per share every year since fiscal 2013.

Dividends, buybacks and capital spending

FY2027 Q1 TTM

Buybacks (TTM): $6.7B
Dividends (TTM): $393M
Returned to shareholders: 111%; of free cash flow
Buybacks, last 3 fiscal years: $10.9B
Diluted share count: −3.4%; year over year
Total shareholder yield: 6.0%; dividends 0.3% + buybacks 5.6% of market value
Dividend payout ratio: 9%; of net income paid out
Sales & admin spending: 2.0%; of revenue

Dividends by fiscal year

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

McKesson: dividends by fiscal year, annual
Fiscal year	2010Mar 2010	2011Mar 2011	2012Mar 2012	2013Mar 2013	2014Mar 2014	2015Mar 2015	2016Mar 2016	2017Mar 2017	2018Mar 2018	2019Mar 2019	2020Mar 2020	2021Mar 2021	2022Mar 2022	2023Mar 2023	2024Mar 2024	2025Mar 2025	2026Mar 2026	LTMJun 2026
Dividend per share	$0.480	$0.720	$0.800	$0.800	$0.920	$0.960	$1.08	$1.12	$1.30	$1.51	$1.62	$1.67	$1.83	$2.09	$2.40	$2.75	$3.17	—
Dividend per share growth	—	+50.0%	+11.1%	0.0%	+15.0%	+4.3%	+12.5%	+3.7%	+16.1%	+16.2%	+7.3%	+3.1%	+9.6%	+14.2%	+14.8%	+14.6%	+15.3%	—
Dividends paid	131	171	195	194	214	227	244	253	262	292	294	276	277	292	314	345	381	393
Share buybacks	323	2,050	1,874	1,214	130	450	1,612	2,311	1,709	1,639	1,934	742	3,516	3,638	3,025	3,146	4,750	6,699
Dividends ÷ net income	10.4%	14.2%	13.9%	14.5%	16.9%	15.4%	10.8%	5.0%	391.0%	858.8%	32.7%	—	24.9%	8.2%	10.5%	10.5%	8.0%	8.6%
Dividends ÷ free cash flow	6.2%	8.1%	7.1%	8.7%	7.5%	8.3%	7.7%	5.8%	6.6%	8.1%	7.3%	6.7%	6.8%	6.1%	8.1%	6.2%	6.7%	6.1%

Dividend per share is the amount declared for the fiscal year as stated in the company's filings (including any special dividend), restated for stock splits and checked against the cash dividends paid. Dividends paid and buybacks are cash amounts; the last-twelve-months column can include an extra payment when a quarter-end date moves.

Recent dividend announcements

October 21, 2026 McKesson Corporation Declares Quarterly Dividend Source
July 22, 2026 McKesson Corporation Raises Quarterly Dividend by 15% to $0.94 Per Share Source

Compare with peers

Cencora dividends

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Figures from McKesson's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to McKesson.