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 | 2.7% |
Dividend Growth | 0.04% |
Next dividend pay date | 13 Jan 25 |
Ex dividend date | 30 Dec 24 |
Dividend per share | US$1.680 |
Payout ratio | 56% |
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: MKC.V's dividends per share have been stable in the past 10 years.
Growing Dividend: MKC.V's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
McCormick Dividend Yield vs Market |
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Segment | Dividend Yield |
---|---|
Company (MKC.V) | 2.2% |
Market Bottom 25% (US) | 1.4% |
Market Top 25% (US) | 4.3% |
Industry Average (Food) | 3.3% |
Analyst forecast (MKC.V) (up to 3 years) | 2.7% |
Notable Dividend: MKC.V's dividend (2.17%) is higher than the bottom 25% of dividend payers in the US market (1.37%).
High Dividend: MKC.V's dividend (2.17%) is low compared to the top 25% of dividend payers in the US market (4.23%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (55.9%), MKC.V's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (58.2%), MKC.V's dividend payments are covered by cash flows.