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
2.7%
Dividend Growth
0.04%
Next dividend pay date
13 Jan 25
Ex dividend date
30 Dec 24
Dividend per share
Mex$1.680
Payout ratio
56%
Recent dividend and buyback updates
Recent updates
Upcoming 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
How does MKC * dividend yield compare to the market?
Segment
Dividend Yield
Company (MKC *)
2.2%
Market Bottom 25% (MX)
2.6%
Market Top 25% (MX)
7.2%
Industry Average (Food)
3.8%
Analyst forecast (MKC *) (up to 3 years)
2.7%
Notable Dividend: MKC *'s dividend (2.17%) isn’t notable compared to the bottom 25% of dividend payers in the MX market (2.58%).
High Dividend: MKC *'s dividend (2.17%) is low compared to the top 25% of dividend payers in the MX market (7.2%).
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.