As per McKesson Corporation (NYSE:MCK)’s news release on 2016-07-27, its shareholders will get cash dividend of $0.28 per share. The recent press release updated on the record date and payout date, which stands at 2016-09-01 and 2016-10-03, respectively.
The stock will commence trading ex-dividend from 2016-08-30, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year McKesson Corporation (NYSE:MCK) disbursed $0.28 in dividend compared to distribution of $0.28, a year ago.
It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 12.5%.
The sell-side market professionals who track the firm’s financial and technical parameters have estimated McKesson Corporation (NYSE:MCK) to attain a price target of $206.111. It is an average estimate figure given by 9 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $230. The low price range is set at $172 for next year while the arithmetic mean is seen at 1.95.
Eyeing Earnings McKesson Corporation (NYSE:MCK) is likely to post quarterly numbers around 2016-11-03 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $3.13 for the period ending on 2016-09-30.
In last quarter ended 2016-03-31, McKesson Corporation (NYSE:MCK) earnings came at $3.5 suggesting a deviation of $0.15. The brokerages targeted EPS of $3.35 for the quarter.
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