COR · 10-Q · 2026Q2 · Full report
Capital Return Program
Cencora, Inc. · 2026-08-05 · Importance 46 · Surprise 42 · In source text
Cencora repurchased $1.0 billion of common stock in the nine months ended June 30, 2026. The company used $882.2 million to complete its prior $2.0 billion authorization and repurchased another $117.8 million under a new $2.0 billion authorization approved in May 2026. Remaining availability under the new repurchase program was $1.9 billion at June 30, 2026. Cash dividends paid increased to $360.6 million year to date, following a 9% quarterly dividend increase from $0.55 to $0.60 per share in November 2025.
Key facts
- Net cash provided by financing activities was $2.3 billion in the nine months ended June 30, 2026 principally from the $3.0 billion issuance of senior notes and $1.5 billion of term loan borrowings, offset by $1.0 billion of purchases of common stock, $900.0 million of term loan repayments, $360.6 million in cash dividends, and $105.3 million purchases of common stock related to employee tax withholdings. source
- In May 2026 the Board authorized a new share repurchase program allowing purchase of up to $2.0 billion of common stock; in the nine months ended June 30, 2026 we purchased $117.8 million and had $1,882.2 million of availability under this program as of June 30, 2026. source
- In the nine months ended June 30, 2025, net cash provided by financing activities was $2.9 billion principally from $1.8 billion issuance of senior notes and $1.5 billion of term loan borrowings and issuance of €1.0 billion of senior notes, offset by repayment of $500 million senior notes that matured in March 2025, $435.5 million purchases of common stock, $329.6 million dividends, and $200.0 million term loan repayments. source
- In March 2024 the Board authorized a share repurchase program allowing purchase of up to $2.0 billion of common stock; in the nine months ended June 30, 2026 we purchased $882.2 million to complete that authorization. source
- In November 2025 the Board increased the quarterly dividend on common stock by 9% from $0.55 per share to $0.60 per share. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | positive | realized | +2.7% | Net cash provided by financing activities was $2.3 billion in the nine months ended June 30, 2026 principally from the $3.0 billion… |
| cash | negative | realized | -1.1% | In March 2024 the Board authorized a share repurchase program allowing purchase of up to $2.0 billion of common stock; in the nine months… |
| cash | negative | realized | -0.1% | In May 2026 the Board authorized a new share repurchase program allowing purchase of up to $2.0 billion of common stock; in the nine… |
| cash | negative | committed | — | In November 2025 the Board increased the quarterly dividend on common stock by 9% from $0.55 per share to $0.60 per share. |