McCormick Dividends and Buybacks
Dividend criteria checks 5/6
McCormick is a dividend paying company with a current yield of 2.17% that is well covered by earnings. Next payment date is on 13th January, 2025 with an ex-dividend date of 30th December, 2024.
Key information
2.2%
Dividend yield
0.2%
Buyback Yield
| Total Shareholder Yield | 2.3% |
| Future Dividend Yield | 2.5% |
| Dividend Growth | -0.2% |
| Next dividend pay date | 13 Jan 25 |
| Ex dividend date | 30 Dec 24 |
| Dividend per share | US$1.680 |
| Payout ratio | 56% |
Recent dividend and buyback updates
McCormick's (NYSE:MKC) Upcoming Dividend Will Be Larger Than Last Year's
Nov 23
McCormick's (NYSE:MKC) Upcoming Dividend Will Be Larger Than Last Year's
Dec 13Recent updates
McCormick's (NYSE:MKC) Upcoming Dividend Will Be Larger Than Last Year's
Nov 23McCormick: Valuation Already Pricing In Normalized EPS Growth
Oct 03McCormick Q3 Earnings Preview: Why I Reiterate My Sell Rating
Sep 26McCormick & Company, Incorporated (NYSE:MKC) Shares Could Be 25% Below Their Intrinsic Value Estimate
Sep 16Is McCormick (NYSE:MKC) Using Too Much Debt?
Aug 30McCormick & Company, Incorporated's (NYSE:MKC) Share Price Could Signal Some Risk
Aug 16Here's What To Make Of McCormick's (NYSE:MKC) Decelerating Rates Of Return
Aug 01McCormick & Company, Incorporated Just Recorded A 15% EPS Beat: Here's What Analysts Are Forecasting Next
Jun 29McCormick (NYSE:MKC) Has A Pretty Healthy Balance Sheet
May 21McCormick & Company: Offers Consistency In Volatile Markets But Overvalued
May 03McCormick's (NYSE:MKC) Returns Have Hit A Wall
May 01McCormick & Company: Potential Recovery In Margins
Apr 07McCormick: Dividend Growth And Expenses Reduction Imply Undervaluation
Mar 29Results: McCormick & Company, Incorporated Exceeded Expectations And The Consensus Has Updated Its Estimates
Mar 28An Intrinsic Calculation For McCormick & Company, Incorporated (NYSE:MKC) Suggests It's 24% Undervalued
Mar 14McCormick & Company, Incorporated (NYSE:MKC) Annual Results: Here's What Analysts Are Forecasting For This Year
Jan 27McCormick Q4 Earnings Preview: Favorable Ingredients For A Rebound (Rating Upgrade)
Jan 23McCormick & Company: Transforming Into A Consumer Discretionary Firm Amid Supply Challenges
Jan 16Subdued Growth No Barrier To McCormick & Company, Incorporated's (NYSE:MKC) Price
Jan 15Here's Why McCormick (NYSE:MKC) Can Manage Its Debt Responsibly
Dec 31McCormick's (NYSE:MKC) Upcoming Dividend Will Be Larger Than Last Year's
Dec 13Down 40%, Dividend Aristocrat McCormick Offers Attractive Long-Term Value
Dec 07Is There An Opportunity With McCormick & Company, Incorporated's (NYSE:MKC) 42% Undervaluation?
Dec 04McCormick's Goodwill Has Started To Be Worrying
Nov 20McCormick (NYSE:MKC) Hasn't Managed To Accelerate Its Returns
Nov 19Hold McCormick To Spice Up A Dividend Portfolio, Until Profits Heat Up Again
Nov 07McCormick Q3 Earnings Preview: A Focus On Volume As Pricing Momentum Expected To Fade
Sep 30Does McCormick (NYSE:MKC) Have A Healthy Balance Sheet?
Sep 15McCormick: A Dividend Gem Awaiting The Right Price
Aug 23Calculating The Fair Value Of McCormick & Company, Incorporated (NYSE:MKC)
Aug 21The Returns At McCormick (NYSE:MKC) Aren't Growing
Aug 06McCormick: Raised FY23 Profit Outlook, But High Valuation
Jul 17Is McCormick (NYSE:MKC) A Risky Investment?
Jun 17McCormick: Valuation Dooms Stock Performance In The Mid Term
May 30McCormick & Company, Incorporated's (NYSE:MKC) Intrinsic Value Is Potentially 20% Below Its Share Price
May 18McCormick (NYSE:MKC) Hasn't Managed To Accelerate Its Returns
May 03McCormick (NYSE:MKC) Is Increasing Its Dividend To $0.39
Apr 05Most Shareholders Will Probably Agree With McCormick & Company, Incorporated's (NYSE:MKC) CEO Compensation
Mar 23We Think McCormick (NYSE:MKC) Is Taking Some Risk With Its Debt
Feb 24McCormick Non-GAAP EPS of $0.73 misses by $0.14, revenue of $1.69B misses by $80M
Jan 26McCormick: Too Spicy For Any Portfolio
Jan 05Estimating The Intrinsic Value Of McCormick & Company, Incorporated (NYSE:MKC)
Jan 02Returns Are Gaining Momentum At McCormick (NYSE:MKC)
Dec 20McCormick: The Good, The Bad, And The (Somewhat) Ugly
Dec 16Is McCormick (NYSE:MKC) Using Too Much Debt?
Oct 26McCormick & Company: Key Takeaways From The Latest Earnings
Oct 13Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: MKC's dividends per share have been stable in the past 10 years.
Growing Dividend: MKC's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| McCormick Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (MKC) | 2.2% |
| Market Bottom 25% (US) | 1.4% |
| Market Top 25% (US) | 4.2% |
| Industry Average (Food) | 3.3% |
| Analyst forecast (MKC) (up to 3 years) | 2.5% |
Notable Dividend: MKC's dividend (2.17%) is higher than the bottom 25% of dividend payers in the US market (1.37%).
High Dividend: MKC's dividend (2.17%) is low compared to the top 25% of dividend payers in the US market (4.21%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (55.9%), MKC's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (58.2%), MKC's dividend payments are covered by cash flows.