McKesson Board Approved $4B Increase To Share Repurchase Program, Approved 15% Dividend Increase To $0.71/Share
Portfolio Pulse from Benzinga Newsdesk
McKesson's board has approved a $4 billion increase to its share repurchase program and a 15% increase in its quarterly dividend to $0.71 per share.
August 07, 2024 | 8:21 pm
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McKesson's board has approved a $4 billion increase to its share repurchase program and a 15% increase in its quarterly dividend to $0.71 per share. This move is likely to positively impact the stock price in the short term as it signals strong financial health and commitment to returning value to shareholders.
The increase in the share repurchase program and the dividend hike are strong indicators of McKesson's financial stability and its commitment to returning value to shareholders. These actions are generally viewed positively by the market, likely leading to a short-term increase in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100