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 |
|---|
| 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.