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McKESSON CORPORATION
24
PART II
Item 5. Market for the Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases
of Equity Securities.
(a) Market Information: The principal market on which the Company’s common stock is traded is the New York
Stock Exchange (“NYSE”).
The following table sets forth the high and low sales prices for our common stock as reported on NYSE for
each quarterly period of the two most recently completed fiscal years:
2012 2011
Hi
g
h Low Hi
g
h Low
First quarter .......................................................................................
.
$87.32 $77.55 $71.49 $62.94
Second quarter ...................................................................................
.
$84.96 $70.86 $69.48 $57.81
Third quarter ......................................................................................
.
$85.70 $66.61 $71.09 $59.54
Fourth quarter ....................................................................................
.
$88.91 $74.89 $81.00 $70.44
(b) Holders: The number of record holders of the Company’s common stock at March 31, 2012 was approximately
7,700.
(c) Dividends: In April 2011, the Company’s quarterly dividend was raised from $0.18 to $0.20 per common share
for dividends declared after such date, until further action by the Company’s Board of Directors (the “Board”).
The Company declared regular cash dividends of $0.80 per share (or $0.20 per share per quarter) in the year
ended March 31, 2012 and $0.72 per share (or $0.18 per share per quarter) in the year ended March 31, 2011.
The Company anticipates that it will continue to pay quarterly cash dividends in the future. However, the
payment and amount of future dividends remain within the discretion of the Board and will depend upon the
Company’s future earnings, financial condition, capital requirements and other factors.
(d) Securities Authorized for Issuance under Equity Compensation Plans: Information relating to this item is
provided under Part III, Item 12, to this Annual Report on Form 10-K.
(e) Share Repurchase Plans: Stock repurchases may be made from time-to-time in open market transactions,
privately negotiated transactions, through accelerated share repurchase (“ASR”) programs, or by any
combination of such methods. The timing of any repurchases and the actual number of shares repurchased will
depend on a variety of factors, including our stock price, corporate and regulatory requirements, restrictions
under our debt obligations and other market and economic conditions.
In January 2012, the Board authorized the repurchase of an additional $650 million of the Company’s
common stock, bringing the total authorization outstanding to $1.5 billion.
In March 2012, the Company entered into an ASR program with a third party financial institution to
repurchase $1.2 billion of the Company’s common stock. The program was funded with cash on hand. As of
March 31, 2012, the Company had received 12 million shares representing the minimum number of shares due
under this program. The total number of shares to be ultimately repurchased by the Company under this
program will be determined at the completion of the program based on the average daily volume-weighted
average price of the Company’s common stock during the program, less a discount. This program is anticipated
to be completed no later than the second quarter of 2013. As of March 31, 2012, $0.3 billion remained
available for future repurchases under the January 2012 authorization.
In April 2012, the Board authorized the repurchase of an additional $700 million of the Company’s
common stock, bringing the total authorization outstanding to $1.0 billion.