McCormick Dividends and Buybacks
Dividend criteria checks 5/6
McCormick is a dividend paying company with a current yield of 2.35% that is well covered by earnings.
Key information
2.4%
Dividend yield
0.2%
Buyback Yield
| Total Shareholder Yield | 2.5% |
| Future Dividend Yield | 2.7% |
| Dividend Growth | -1.6% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | n/a |
| Payout ratio | 64% |
Recent dividend and buyback updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: MCX's dividends per share have been stable in the past 10 years.
Growing Dividend: MCX's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| McCormick Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (MCX) | 2.4% |
| Market Bottom 25% (BG) | 1.6% |
| Market Top 25% (BG) | 4.9% |
| Industry Average (Food) | 3.6% |
| Analyst forecast (MCX) (up to 3 years) | 2.7% |
Notable Dividend: MCX's dividend (2.35%) is higher than the bottom 25% of dividend payers in the BG market (1.44%).
High Dividend: MCX's dividend (2.35%) is low compared to the top 25% of dividend payers in the BG market (7.08%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (63.9%), MCX's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (53.7%), MCX's dividend payments are covered by cash flows.
Discover strong dividend paying companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2023/11/18 03:47 |
| End of Day Share Price | 2023/08/21 00:00 |
| Earnings | 2023/08/31 |
| Annual Earnings | 2022/11/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
McCormick & Company, Incorporated is covered by 32 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| John Staszak | Argus Research Company |
| Ishan Majumdar | Baptista Research |
| Andrew Lazar | Barclays |