McCormick & Company, Incorporated (MKC) To Go Ex-Dividend on July 6th

McCormick & Company, Incorporated (NYSE:MKC) declared a quarterly dividend on Tuesday, June 23rd. Investors of record on Monday, July 6th will be given a dividend of 0.48 per share on Monday, July 20th. This represents a c) annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Monday, July 6th.

McCormick & Company, Incorporated has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 38 consecutive years. McCormick & Company, Incorporated has a dividend payout ratio of 57.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect McCormick & Company, Incorporated to earn $3.36 per share next year, which means the company should continue to be able to cover its $1.92 annual dividend with an expected future payout ratio of 57.1%.

McCormick & Company, Incorporated Stock Performance

Shares of McCormick & Company, Incorporated stock opened at $53.45 on Friday. The stock has a market capitalization of $14.37 billion, a price-to-earnings ratio of 8.89, a price-to-earnings-growth ratio of 2.68 and a beta of 0.63. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.78 and a quick ratio of 0.39. The business has a 50-day moving average of $48.36 and a 200 day moving average of $57.54. McCormick & Company, Incorporated has a 12 month low of $44.82 and a 12 month high of $76.58.

McCormick & Company, Incorporated (NYSE:MKC) last issued its quarterly earnings results on Thursday, June 25th. The company reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.11. The company had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.91 billion. McCormick & Company, Incorporated had a net margin of 21.91% and a return on equity of 12.78%. The business’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.69 earnings per share. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. As a group, sell-side analysts forecast that McCormick & Company, Incorporated will post 3.09 earnings per share for the current year.

About McCormick & Company, Incorporated

McCormick & Company, Incorporated (NYSE: MKC) is a global leader in spices, seasonings and flavor solutions. Headquartered in Hunt Valley, Maryland, the company traces its origins to the late 19th century and has grown into a major manufacturer and marketer of branded and private‑label flavor products for consumer, industrial and foodservice markets.

McCormick’s product portfolio includes pure spices and herbs, blended seasonings, marinades, rubs, sauces, extracts and specialty flavorings, along with ingredient systems and custom flavor development for manufacturers and foodservice operators.