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

$78.79

+0.69 (+0.88%)

(As of 08/21/2024 ET)

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Dividend Yield: 2.13%
Annual Dividend: $1.68
Dividend Increase Track Record: 37 Years
Annualized 3-Year Dividend Growth: 7.78%
Dividend Payout Ratio: 61.31%
Recent Dividend Payment: Jul. 22

MKC Dividend Payments

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MKC Dividend Yield Over Time

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McCormick & Company, Incorporated vs. The Competition

Type	McCormick & Company, Incorporated	Staples Companies	NYSE Companies
Annual Dividend	$1.68	$0.48	$1.39
Dividend Yield	2.13%	270.14%	352.26%
Annualized 3-Year Dividend Growth	7.78%	8.55%	15.61%
Track Record	37 years	34 years	23 years

McCormick & Company, Incorporated Dividend Payout Ratio

Type	Payout Ratio
Based on Trailing 12 Months of Earnings	61.31%
Based on This Year's Estimates	58.95%
Based on Next Year's Estimates	55.26%
Based on Cashflow	48.19%

McCormick & Company, Incorporated Dividend History by Quarter

Announced	Period	Amount	Yield	Ex-Dividend Date	Record Date	Payable Date
6/25/2024	quarterly	$0.42	2.45%	7/8/2024	7/8/2024	7/22/2024
3/27/2024	quarterly	$0.42	2.21%	4/5/2024	4/8/2024	4/22/2024
11/28/2023	quarterly	$0.42	2.58%	12/28/2023	12/29/2023	1/8/2024
9/28/2023	quarterly	$0.39	2.09%	10/6/2023	10/10/2023	10/24/2023
6/27/2023	quarterly	$0.39	1.67%	7/7/2023	7/10/2023	7/24/2023
3/29/2023	quarterly	$0.39	1.92%	4/6/2023	4/10/2023	4/24/2023
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11/29/2022	quarterly	$0.39	1.86%	12/29/2022	12/30/2022	1/9/2023
9/29/2022	quarterly	$0.37	2.01%	10/7/2022	10/11/2022	10/25/2022
6/28/2022	quarterly	$0.37	1.7%	7/8/2022	7/11/2022	7/25/2022
3/30/2022	quarterly	$0.37	1.52%	4/8/2022	4/11/2022	4/25/2022
11/30/2021	quarterly	$0.37	1.72%	12/30/2021	12/31/2021	1/10/2022
9/28/2021	quarterly	$0.34	1.63%	10/8/2021	10/12/2021	10/26/2021
6/29/2021	quarterly	$0.34	1.55%	7/9/2021	7/12/2021	7/26/2021
3/31/2021	quarterly	$0.34	1.53%	4/9/2021	4/12/2021	4/26/2021
11/20/2020	quarterly	$0.68	1.48%	12/30/2020	12/31/2020	1/11/2021
9/22/2020	quarterly	$0.31	1.29%	10/2/2020	10/5/2020	10/19/2020
6/23/2020	quarterly	$0.31	1.44%	7/2/2020	7/6/2020	7/20/2020
4/1/2020	quarterly	$0.31	1.79%	4/9/2020	4/13/2020	4/27/2020
11/26/2019	quarterly	$0.31	1.47%	12/30/2019	12/31/2019	1/13/2020
9/24/2019	quarterly	$0.2850	1.43%	10/4/2019	10/7/2019	10/21/2019
6/25/2019	quarterly	$0.2850	1.49%	7/5/2019	7/8/2019	7/22/2019
3/27/2019	quarterly	$0.2850	1.55%	4/5/2019	4/8/2019	4/22/2019
11/27/2018	quarterly	$0.2850	1.55%	12/28/2018	12/31/2018	1/14/2019
9/25/2018	quarterly	$0.26	1.61%	10/5/2018	10/9/2018	10/23/2018
6/26/2018	quarterly	$0.26	1.95%	7/6/2018	7/9/2018	7/23/2018
3/28/2018	quarterly	$0.26	1.95121951219512%	4/6/2018	4/9/2018	4/23/2018
11/29/2017	quarterly	$0.26	2.04%	12/28/2017	12/29/2017	1/16/2018
9/26/2017	quarterly	$0.2350	1.95%	10/6/2017	10/10/2017	10/24/2017
6/27/2017	quarterly	$0.2350	1.9%	7/6/2017	7/10/2017	7/24/2017
6/27/2017	Quarterly	$0.2350		7/6/2017	7/10/2017	7/14/2017
3/29/2017	quarterly	$0.2350	1.93%	4/6/2017	4/10/2017	4/24/2017
11/29/2016	quarterly	$0.2350		12/28/2016	12/30/2016	1/17/2017
9/27/2016	quarterly	$0.2150		10/6/2016	10/11/2016	10/25/2016
6/28/2016	quarterly	$0.2150		7/7/2016	7/11/2016	7/25/2016
3/30/2016	quarterly	$0.2150		4/7/2016	4/11/2016	4/25/2016
11/24/2015	quarterly	$0.2150		12/29/2015	12/31/2015	1/15/2016
9/29/2015	quarterly	$0.20		10/8/2015	10/13/2015	10/27/2015
6/30/2015	quarterly	$0.20	2.01%	7/9/2015	7/13/2015	7/27/2015
3/25/2015	quarterly	$0.20	2.08%	4/1/2015	4/6/2015	4/20/2015
11/25/2014	quarterly	$0.20	2.2%	12/29/2014	12/31/2014	1/14/2015
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9/30/2014	quarterly	$0.1850	2.26%	10/8/2014	10/13/2014	10/27/2014
6/25/2014	quarterly	$0.1850	2.11%	7/2/2014	7/7/2014	7/21/2014
3/26/2014	quarterly	$0.1850	2.09%	4/3/2014	4/7/2014	4/21/2014
11/26/2013	quarterly	$0.1850	2.13%	12/27/2013	12/31/2013	1/14/2014
9/24/2013	quarterly	$0.17	2%	10/3/2013	10/7/2013	10/21/2013
6/26/2013	quarterly	$0.17	1.93%	7/3/2013	7/8/2013	7/22/2013
4/3/2013	quarterly	$0.17	1.9%	4/11/2013	4/15/2013	4/29/2013

(Data available from 1/1/2013 forward)

McCormick & Company, Incorporated Dividend - Frequently Asked Questions

What is McCormick & Company, Incorporated's dividend yield?: The current dividend yield for McCormick & Company, Incorporated is 2.13%. Learn more on MKC's dividend yield history.
How much is McCormick & Company, Incorporated's annual dividend?: The annual dividend for MKC shares is $1.68. Learn more on MKC's annual dividend history.
How often does McCormick & Company, Incorporated pay dividends?: McCormick & Company, Incorporated pays quarterly dividends to shareholders.
When was McCormick & Company, Incorporated's most recent dividend payment?: McCormick & Company, Incorporated's most recent quarterly dividend payment of $0.42 per share was made to shareholders on Monday, July 22, 2024.
When was McCormick & Company, Incorporated's most recent ex-dividend date?: McCormick & Company, Incorporated's most recent ex-dividend date was Monday, July 8, 2024.
Is McCormick & Company, Incorporated's dividend growing?: Over the past three years, the company's dividend has grown by an average of 7.78% per year.
What track record does McCormick & Company, Incorporated have of raising its dividend?: McCormick & Company, Incorporated has increased its dividend for the past 37 consecutive years.
When did McCormick & Company, Incorporated last increase or decrease its dividend?: The most recent change in the company's dividend was an increase of $0.03 on Tuesday, November 28, 2023.
What is McCormick & Company, Incorporated's dividend payout ratio?: The dividend payout ratio for MKC is:
61.31% based on the trailing year of earnings

58.95% based on this year's estimates

55.26% based on next year's estimates

48.19% based on cash flow
Is McCormick & Company, Incorporated a good dividend stock?: McCormick & Company, Incorporated's dividend yield of 2.19% is lower than the average Consumer Staples company that issues a dividend. The company's 37 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 61.31% is at a healthy, sustainable level, below 75% of its earnings.