14 Best Pharma Dividend Stocks to Buy in 2026

9. McKesson Corporation (NYSE:MCK)

Number of Hedge Fund Holders: 73

Dividend Yield as of December 29: 0.40%

McKesson Corporation (NYSE:MCK) is among the best dividend stocks in the pharma sector.

On December 10, Deutsche Bank analyst George Hill raised the firm’s price target on McKesson Corporation (NYSE:MCK) to $904 from $861 and kept a Buy rating on the shares. In a research note, the analyst said the company reiterated plans to exit its med-surgical business through an initial public offering, followed by a spin-off or split-off. Management expects the separation to be completed by the end of 2027. The firm acknowledged the move could be dilutive, but said the stock “can still perform through the transaction.”

Earlier in November, McKesson Corporation (NYSE:MCK) raised its fiscal 2026 profit forecast, leaning on continued strength in oncology and specialty drug distribution. Across the US, drug distributors are pushing deeper into specialty medicines that treat complex conditions such as rheumatoid arthritis and cancer. These products tend to carry higher margins and more stable demand. McKesson now expects adjusted earnings per share of $38.35 to $38.85 for fiscal 2026, up from its prior outlook of $38.05 to $38.55. Analysts, on average, were looking for $38.33 per share, based on LSEG data.

The most recent quarter showed similar momentum. On an adjusted basis, the company earned $9.86 per share, well above estimates of $9.02. Revenue came in at $103.15 billion, slightly below expectations of $104.13 billion.

The US pharmaceutical unit, McKesson’s largest business by revenue, posted sales of $86.5 billion. That was an 8% increase from last year, though it fell short of the $87.40 billion consensus forecast.

In September, the company said it would reorganize into four operating segments. The goal is to sharpen its focus on higher-margin areas, including cancer medicines, and support longer-term growth.

McKesson Corporation (NYSE:MCK) is a leading healthcare company across wholesale medical supplies and equipment, pharmaceutical distribution, and healthcare technology solutions.