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McCormick & Company, Incorporated (MKC) Dividend Yield, Date & History

McCormick & Company, Incorporated logo
$77.83 -0.20 (-0.26%)
(As of 12/26/2024 05:23 PM ET)

McCormick & Company, Incorporated Dividend Summary

Dividend Yield
2.31%
Annual Dividend
$1.80
Next
Dividend Payment
Jan. 13
Dividend Increase
Track Record
38 Years
Annualized 3-Year
Dividend Growth
7.78%
Dividend Payout Ratio
61.22%

McCormick & Company, Incorporated (MKC) pays an annual dividend of $1.80 per share, with a dividend yield of 2.31%. The next quarterly payment of $0.45 per share is scheduled for Monday, January 13, to investors who own the stock before the ex-dividend date of Monday, December 30. MKC has grown its dividend for 38 consecutive years, with an average annual increase of 2.53%. The company currently pays out 61.22% of its earnings and 53.93% of its cash flow as dividends.

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MKC Dividend Payments by Quarter

The chart below displays up to four years of McCormick & Company, Incorporated's dividend payment history by quarter. The blue bars represent historical dividend payments, while the gray bars indicate future payments.

MKC Dividend Yield Over Time

The chart below tracks McCormick & Company, Incorporated's dividend yield over the past four years. The line represents changes in yield by quarter, providing a clear view of trends over time.

McCormick & Company, Incorporated vs. The Competition

Compare McCormick & Company, Incorporated's annual dividend, yield, and 3-year growth rate with averages for Staples and NYSE companies to evaluate its performance against the market.

TypeMcCormick & Company, IncorporatedStaples CompaniesNYSE Companies
Annual Dividend$1.80$0.01$1.39
Dividend Yield2.31%2.84%3.65%
Annualized 3-Year Dividend Growth7.78%8.10%15.74%
Track Record38 years37 years25 years

McCormick & Company, Incorporated Dividend Payout Ratio

Dividend payout ratios express the dividend as a percentage of another metric, such as earnings or cash flow, and can be used to assess dividend sustainability.

TypePayout Ratio
Based on Trailing 12 Months of Earnings61.22%
Based on This Year's Estimate61.64%
Based on Next Year's Estimate57.69%
Based on Cashflow53.93%

McCormick & Company, Incorporated Dividend History by Quarter

AnnouncedPeriodPaymentPayment ChangeYieldEx-Dividend DateRecord DatePayable Date
11/19/2024quarterly$0.45+$0.03
7.14%
2.39%12/30/202412/30/20241/13/2025
9/24/2024Quarterly$0.42 - 2.01%10/7/202410/7/202410/21/2024
6/25/2024quarterly$0.42 - 2.45%7/8/20247/8/20247/22/2024
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3/27/2024quarterly$0.42 - 2.21%4/5/20244/8/20244/22/2024
11/28/2023quarterly$0.42+$0.03
7.69%
2.58%12/28/202312/29/20231/8/2024
9/28/2023quarterly$0.39 - 2.09%10/6/202310/10/202310/24/2023
6/27/2023quarterly$0.39 - 1.67%7/7/20237/10/20237/24/2023
3/29/2023quarterly$0.39 - 1.92%4/6/20234/10/20234/24/2023

This table shows McCormick & Company, Incorporated's quarterlydividend history, including payout amounts, yield, dividend changes, and key dates. Use the date filter to explore data as far back as 2013 to analyze trends over time.

McCormick & Company, Incorporated Dividend - Frequently Asked Questions

The current dividend yield for McCormick & Company, Incorporated is 2.31%. Learn more on MKC's dividend yield history.

The annual dividend for MKC shares is $1.80. Learn more on MKC's annual dividend history.

McCormick & Company, Incorporated pays quarterly dividends to shareholders.

McCormick & Company, Incorporated's next quarterly dividend payment of $0.45 per share will be made to shareholders on Monday, January 13, 2025.

McCormick & Company, Incorporated's most recent quarterly dividend payment of $0.42 per share was made to shareholders on Monday, October 21, 2024.

McCormick & Company, Incorporated's next ex-dividend date is Monday, December 30, 2024.

McCormick & Company, Incorporated's most recent ex-dividend date was Monday, October 7, 2024.

Over the past three years, the company's dividend has grown by an average of 7.78% per year.

McCormick & Company, Incorporated has increased its dividend for the past 38 consecutive years.

The most recent change in the company's dividend was an increase of $0.03 on Tuesday, November 19, 2024.

The dividend payout ratio for MKC is:
  • 61.22% based on the trailing year of earnings
  • 61.64% based on this year's estimates
  • 57.69% based on next year's estimates
  • 53.93% based on cash flow

McCormick & Company, Incorporated's dividend yield of 2.15% is lower than the average Consumer Staples company that issues a dividend. The company's 38 consecutive years of dividend growth indicate that the company has a strong committment to maintain and grow its dividend. McCormick & Company, Incorporated's dividend payout ratio of 61.22% is at a healthy, sustainable level, below 75% of its earnings.

Looking at the stock as a whole, market analysts rate McCormick & Company, Incorporated stock as a Hold, forecasting limited upside or downside, with the stock seen as fairly valued at this time.


This page (NYSE:MKC) was last updated on 12/27/2024 by MarketBeat.com Staff
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