2.15% Jul 28, 04:53 PM
$1.48 Paid Quarterly
45.1% EPS $3.28
27 years Since 1987
No Ex-Dividend Dates
Have Been Scheduled

MKC - Upcoming Dividend Payouts
Next Ex-Dividend Date None

Amount Declare Date Ex-Dividend Date ▲ Record Date Pay Date Payout Type
No Upcoming Dividend Dates
MKC has not yet officially announced its next dividend payout.

MKC - Dividend Yield & Stock Price History
Current Dividend Yield 2.15%

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MKC - Dividend Payout History
Current Annual Payout $1.48

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Dividend payouts are split-adjusted

MKC - Dividend Growth History

Annualized Growth
1994-2012
Annualized Growth
1994-2004
Annualized Growth
2004-2008
Annualized Growth
2008-2012
Annualized Growth
Last 5 Yrs
Annualized Growth
Last 3 Yrs
Annual
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2012
Consecutive
Years of
Increases
Reveal Dividend Growth History for MKC. 9.5% 9.4% 27 years
Annual dividend amounts based on Ex-dividend date

MKC - Historical Annual Dividend Data & Growth
Payouts Increasing For 27 years

Payout Amount Calendar Year Annual Growth
$1.3900 2013 9.4%
$1.2700 2012 10.4%

MKC - Historical Dividend Data
Payouts Increasing For 27 years

Payout Amount Declared Date Ex-Dividend Date Record Date Pay Date ▼ Qualified Dividend? Payout Type Frequency
$0.3700 2014-06-25 2014-07-02 2014-07-07 2014-07-21 Yes Regular Quarter
$0.3700 2014-03-26 2014-04-03 2014-04-07 2014-04-21 Yes Regular Quarter
$0.3700 2013-11-26 2013-12-27 2013-12-31 2014-01-14 Yes Regular Quarter
$0.3400 2013-09-23 2013-10-03 2013-10-07 2013-10-21 Yes Regular Quarter
$0.3400 2013-06-26 2013-07-03 2013-07-08 2013-07-22 Yes Regular Quarter

McCormick & Co. (MKC) - News

  • Ex-dividend dates are very important to dividend investors, since you must purchase a stock prior to its ex-dividend date in order to receive its...
  • Before Thursday's opening bell, McCormick & Company (MKC) reported higher second quarter earnings, which came in above analysts'...
  • McCormick & Company, Incorporated Q1 Earnings Rise; Beats Estimates (MKC)

    McCormick & Company, Incorporated (MKC) reported higher first quarter financial results on Tuesday which came in above analysts' estimates. MKC's Earnings in Brief
    • MKC reported Q1 earnings of $82.5 million, or 62 cents per share, up from $76.0 million, or 57 cents per share, a year ago.
    • Revenue rose to $993.4 million from $934.4 million last year.
    • On average, analysts expected to see 58 cents per share and revenue of $973.20 million.
    • For the second quarter, the company expects earnings to grow only slightly as higher brand marketing support weak demand in quick service restaurants have hurt the company.
    • Looking forward to FY2014, the company expects to see earnings between $3.22 and $3.29 per share, while analysts expect $3.26 per share.
    CEO Commentary

    Alan D. Wilson, Chairman, president and CEO of MKC, commented: "Our first quarter result was a great start to 2014 with higher sales, a profit result that was ahead of our initial outlook, and strong cash flow.  McCormick's leadership position in growing categories, employee engagement around the world, and focus on performance are driving these results and have us well-positioned for further success."

    MKC's Dividend MKC paid its last quarterly dividend on January 14. This 37 cent dividend was an 8% increase from the company's previous dividend. We expect MKC to announce its next dividend in April. Stock Performance  McCormick & Company shares were mostly flat during pre-market trading Tuesday. The stock is down 2% YTD.
    MKC Dividend Snapshot

    As of 8:30am on March 25, 2014

    WMT dividend yield annual payout payout ratio dividend growth

    Click here to see the complete history of MKC dividends.

    The Bottom Line

    McCormick & Company, Incorporated (MKC) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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  • Jefferies Lowers Estimates on McCormick & Company (MKC)

    Jefferies reported on Friday that it has cut estimates on McCormick & Company (MKC) . The firm has lowered its price target on "Buy"-rated MKC to $76. This price target suggests a 14% upside from the stock's current price of $65.46. Jefferies has cut estimates on MKC to reflect the company's new guidance. McCormick & Company shares were down $1.89, or 2.94%, during Friday morning trading. The stock has been mostly flat YTD.

    The Bottom Line

    Shares of McCormick & Company (MKC) have a 2.08% yield based on Friday morning's price of $65.46. McCormick & Company (MKC) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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  • McCormick Q3 Earnings Remain Flat; Results Meet Estimates (MKC)

    On Thursday, McCormick & Company (MKC) reported flat third quarter earnings and higher sales. Although sales increased during the quarter, the rise was offset by a higher tax rate. The Sparks, MD-based company posted third quarter earnings of $104.4 million, or 78 cents per share, which remained flat from last year. Analysts expected the company to report earnings of 78 cents per share. Total revenue for the quarter increased 4% to $1.02 billion, from $977.7 million a year ago. Analysts expected to see revenue of $1.03 billion. The company noted that 3% of the sales increase was a result of its WAPC acquisition. Looking forward, the company expects fourth-quarter adjusted earnings to rise by 7%. For FY2013, adjusted earnings are now expected to be in the lower end of its previous valuation range of $3.13-$3.19. Analysts expect to see earnings of $3.16 per share. McCormick & Company shares were up 35 cents, or 0.51%, during pre-market trading Thursday. The stock is up 7% YTD.

    The Bottom Line

    Shares of McCormick & Company (MKC) have a 2.00% yield based on Wednesday's closing price of $68.05. McCormick & Company (MKC) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars. Be sure to visit our complete recommended list of th Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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  • JP Morgan Reiterates "Neutral" Rating on McCormick & Co. (MKC)

    JP Morgan reported on Friday that it has maintained a "Neutral" rating on spice maker, McCormick & Co. (MKC) . Analyst Ken Goldman commented, “McCormick reported pro forma 2Q13 (May) of $0.61, in line with Street estimates. The top line grew 1.9% Y/Y, slightly lower than the 2.3% consensus. The gross margin was a bit lighter than the Street expected (39.3% versus 39.8%) and the SG&A margin was a bit lighter too (27.4% versus 27.7%). We are excluding $4MM in acquisition costs from our model. The Consumer segment's top line grew 3.9%, in line with our expectation. The margin excluding the acquisition costs was 15.5%, 60 bps above our forecast. The Industrial segment's revenues were down 1% Y/Y, lower than the +1% we had forecast. Sales continue to be impaired by QSR demand both in the US and China. The margin came in at 6.9%, 30 bps under our model.” McCormick & Co shares were mostly flat during pre-market trading Friday. The stock is up 11% YTD. The Bottom Line Shares of McCormick & Co. (MKC) have a 1.93% yield, based on Thursday's closing price of $70.59. McCormick & Co. (MKC) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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  • McCormick & Co. Q2 Profit Slides 2% on Transaction Costs; Adjusted EPS Meets Estimates (MKC)

    Spices and seasonings manufacturer McCormick & Company, Incorporated (MKC) reported before the opening bell on Thursday that it saw a slight decrease in second quarter profits, as costs related to the completed transaction of Wuhan Asia Pacific Condiments offset sales growth. However, earnings and revenues were pretty much in-line with analysts' estimates. The Sparks, Maryland-based company said its second quarter profit fell to $78.6 million, or 59 cents per share, from $80.4 million, or 60 cents per share, in the same period a year ago. Excluding a transaction cost that came in a 2 cents per share, McCormick's second quarter adjusted earnings were 61 cents per share. This was in-line with analysts' estimates, according to those polled by Thomson Reuters. The company went on to say that its second quarter sales rose 2% to $1.0 billion from $984 million last year. On a local currency basis, sales rose 3% in the quarter. Analysts were expecting the company to see sales of $1.01 billion for the quarter. According to McCormick, higher volumes and product mix in its consumer business drove much of the sales increase. The company noted that brand marketing support and product innovation helped boost sales. Also, industrial sales were down slightly, but that was anticipated. Alan Wilson, CEO of the company, stated, "In the second quarter of 2013, we grew sales for our consumer business...We are getting good returns on our investments to grow this business and we plan to increase our investment in marketing support approximately $15 million in the second half of the year." Looking ahead to the third quarter, McCormick expects to earn 78 cents per share, comparable with last year's third quarter earnings. Analysts expect the company to earn 82 cents per share in the third quarter. For fiscal 2013, the company now expects full year earnings to be between $3.13 and $3.19 per share. Analysts expect the company to earn $3.20 per share for the year. Furthermore, the company expects sales to grow between 4% and 6%. McCormick shares were inactive during pre-market trading on Thursday. The stock is up 13.38% year-to-date. The Bottom Line Shares of McCormick & Co. (MKC) have a dividend yield of 1.89% based on last night's closing price of $72.03 and the company's annualized dividend payout of $1.36 per share. McCormick & Company, Incorporated (MKC) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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  • KeyBanc Downgrades McCormick to "Hold" On Valuation Call (MKC)

    Early on Monday, analysts at KeyBanc downgraded spice maker McCormick & Company (MKC) due to its current valuation. The analysts downgraded MKC from "Buy" to "Hold." "We downgrade MKC to HOLD from BUY owing primarily to concerns regarding valuation (MKC is currently trading at the high end of its historical range) and, to a lesser extent, its exposure to China, where food consumption is under pressure due to food safety and disease issues. In addition, it ranked only 6 of 12 in our stock selection screen," said a KeyBanc analysts. McCormick shares were down 42 cents, or -0.58%, during morning trading on Monday. The stock is up +13.14% year-to-date. The Bottom Line Shares of McCormick (MKC) have a dividend yield of 1.88% based on Friday's closing price of $72.30 and the company's annualized dividend payout of $1.36 per share. McCormick & Company (MKC) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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  • McCormick & Co. Declares Quarterly Dividend; Announces New Share Repurchase Program (MKC)

    On Wednesday, spice maker McCormick & Company (MKC) declared its next quarterly dividend and announced a new share repurchase program. The Sparks, Maryland-based company's next quarterly dividend payout of 34 cents per share will be paid on April 29 with an ex-dividend date of April 11. Also, the company's Board of Directors authorized a new share buyback program that will allow up to $400 million worth of shares to be repurchased. This will replace the previous $400 million share repurchase program, authorized in June of 2010, that is expected to be completed this year. Alan D. Wilson, CEO of McCormick & Co., said, "In the past five years, we have returned nearly $1 billion of cash to our shareholders through dividends and share repurchases. Today's announcement reflects our outlook for continued profit growth and our commitment to deliver value to McCormick shareholders." McCormick & Company shares were inactive during pre-market trading on Thursday. The stock is up +12.7% year-to-date. The Bottom Line Shares of McCormick & Company (MKC) have a dividend yield of 1.90% based on last night's closing price of $71.60 and the company's annualized dividend payout of $1.36 per share. McCormick & Company (MKC) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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  • McCormick & Co. Q1 Profit and Revenue Rises, Tops Expectations; Reaffirms 2013 Outlook (MKC)

    Before the bell on Tuesday, spice maker McCormick & Company (MKC) reported a rise in its first quarter profit and revenue, which topped analysts' expectations. The Sparks, Maryland-based company said its first quarter net income rose to $76.0 million, or 57 cents per share, from $74.5 million, or 55 cents per share, in the same quarter a year earlier. According to analysts polled by Thomson Reuters, this topped estimates as MKC was expected to earn 56 cents per share in the quarter. Sales for the quarter rose to $934.4 million, up 3% from $906.7 million a year ago. Analysts were expecting the company to post revenue of $922.66 million in the quarter. Alan Wilson, CEO of McCormick & Co., said, "Our financial results for the first quarter included strong growth in our consumer business, earnings per share slightly ahead of our initial outlook and a great start to cash flow for 2013." Looking ahead to fiscal 2013, McCormick & Co. reaffirmed its previous outlook. The company expects sales to grow by 3% to 5%. Earnings for the year are expected to be in a range between $3.15 and $3.23 per share. Analysts expect the company to earn $3.21 per share on revenue of $4.22 billion in 2013. McCormick & Co shares were inactive during pre-market trading on Tuesday. The stock is up +14.45% year-to-date. The Bottom Line Shares of McCormick (MKC) have a dividend yield of 1.87% based on last night's closing price of $72.71 and the company's annualized dividend payout of $1.36 per share. McCormick & Company (MKC) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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