MKC McCormick & Co.

  • STOCK
  • MKC
  • Price as of: Dec 19, 05:17 PM EST
  • $76.29
  • +$2.01
  • +2.7%
  • Industry
  • Processed & packaged goods
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MKC Stock Dividend Data

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  • Dividend Yield
    2.10% Consumer Goods Average 2.25%
  • Annual Payout
    $1.60 Paid Quarterly
  • Payout Ratio
    47.8% EPS $3.35
  • Dividend Growth
    27 yrs Since 1987
  • Get MKC DARS™ Rating
DARS Rating™ Breakdown

Dividend.com DARS Rating™ Breakdown for MKC

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Metric MKC Rank MKC Avg Ranking Notes
Relative Strength Sign Up For Ticker Ranking Sign Up For Sector Ranking Stock is performing in-line with the market or better.
Overall Yield Attractiveness Sign Up For Ticker Ranking Sign Up For Sector Ranking Stock's dividend yield is above average.
Dividend Reliability Sign Up For Ticker Ranking Sign Up For Sector Ranking This rating is related to the length and consistency of a company's dividend payouts, as well as our opinion on how likely the company is to continue payouts in the future.
Dividend Uptrend Sign Up For Ticker Ranking Sign Up For Sector Ranking Dividend payouts are consistent, but increases small.
Earnings Growth Sign Up For Ticker Ranking Sign Up For Sector Ranking Earnings estimates are uptrending.
DARS Rating Sign Up For Ticker Ranking Sign Up For Sector Ranking Sign Up For DARS Ratings
Growth History

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
Growth
2012
Consecutive
Years of
Increases
Reveal More Dividend Growth History for MKC 9.5% 9.4% 27 years
Reveal More Dividend Growth History for MKC
Historical Annual Dividend Data & Growth

MKC Historical Annual Dividend Data & Growth

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

MKC Dividend History

Payout Amount Declared Date Ex-Dividend Date Record Date Pay Date ▼ Qualified Dividend? Payout Type Frequency
$0.4000 2014-11-25 2014-12-29 2014-12-31 2015-01-14 Yes Regular Quarter
$0.3700 2014-09-30 2014-10-08 2014-10-13 2014-10-27 Yes Regular Quarter
$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
$0.3400 2013-04-03 2013-04-11 2013-04-15 2013-04-29 Yes Regular Quarter
$0.3400 2012-11-27 2012-12-27 2012-12-31 2013-01-14 Yes Regular Quarter
$0.3100 2012-09-25 2012-10-03 2012-10-08 2012-10-22 Yes Regular Quarter
$0.3100 2012-06-26 2012-07-05 2012-07-09 2012-07-23 Yes Regular Quarter
$0.3100 2012-03-28 2012-04-04 2012-04-09 2012-04-23 Yes Regular Quarter
$0.3100 2011-11-22 2011-12-28 2011-12-30 2012-01-13 Yes Regular Quarter
$0.2800 2011-09-27 2011-10-05 2011-10-10 2011-10-24 Yes Regular Quarter
$0.2800 2011-06-28 2011-07-07 2011-07-11 2011-07-25 Yes Regular Quarter
$0.2800 2011-03-30 2011-04-07 2011-04-11 2011-04-25 Yes Regular Quarter
$0.2800 2010-11-23 2010-12-29 2010-12-31 2011-01-14 Yes Regular Quarter
$0.2600 2010-09-28 2010-10-06 2010-10-11 2010-10-25 Yes Regular Quarter
$0.2600 2010-06-22 2010-07-01 2010-07-06 2010-07-20 Yes Regular Quarter
$0.2600 2010-03-31 2010-04-08 2010-04-12 2010-04-26 Yes Regular Quarter
$0.2600 2009-11-24 2009-12-29 2009-12-31 2010-01-15 Yes Regular Quarter
$0.2400 2009-09-22 2009-09-30 2009-10-02 2009-10-16 Yes Regular Quarter
$0.2400 2009-06-23 2009-07-01 2009-07-06 2009-07-20 Yes Regular Quarter
$0.2400 2009-03-25 2009-04-02 2009-04-06 2009-04-20 Yes Regular Quarter
$0.2400 2008-11-25 2008-12-29 2008-12-31 2009-01-16 Yes Regular Quarter
$0.2200 2008-09-23 2008-10-01 2008-10-03 2008-10-17 Yes Regular Quarter
$0.2200 2008-06-24 2008-07-02 2008-07-07 2008-07-21 Yes Regular Quarter
$0.2200 2008-04-02 2008-04-10 2008-04-14 2008-04-25 Yes Regular Quarter
$0.2200 2007-11-27 2007-12-26 2007-12-28 2008-01-18 Yes Regular Quarter
$0.2000 2007-09-26 2007-10-03 2007-10-05 2007-10-19 Yes Regular Quarter
$0.2000 2007-06-26 2007-07-03 2007-07-06 2007-07-20 Yes Regular Quarter
$0.2000 2007-03-28 2007-04-04 2007-04-09 2007-04-20 Yes Regular Quarter
$0.2000 2006-11-28 2006-12-27 2006-12-29 2007-01-19 Yes Regular Quarter
$0.1800 2006-09-26 2006-10-04 2006-10-06 2006-10-20 Yes Regular Quarter
$0.1800 2006-06-27 2006-07-05 2006-07-07 2006-07-21 Yes Regular Quarter
$0.1800 2006-03-22 2006-03-30 2006-04-03 2006-04-17 Yes Regular Quarter
$0.1800 2005-11-22 2005-12-28 2005-12-30 2006-01-20 Yes Regular Quarter
$0.1600 2005-09-27 2005-10-05 2005-10-07 2005-10-21 Yes Regular Quarter
$0.1600 2005-06-28 2005-07-06 2005-07-08 2005-07-22 Yes Regular Quarter
$0.1600 2005-03-23 2005-03-31 2005-04-04 2005-04-15 Yes Regular Quarter
$0.1600 2004-11-23 2004-12-29 2004-12-31 2005-01-21 Yes Regular Quarter
$0.1400 2004-09-28 2004-10-06 2004-10-08 2004-10-22 Yes Regular Quarter
$0.1400 2004-06-22 2004-06-30 2004-07-02 2004-07-16 Yes Regular Quarter
$0.1400 2004-03-24 2004-04-01 2004-04-05 2004-04-16 Yes Regular Quarter
$0.1400 2003-11-25 2003-12-29 2003-12-31 2004-01-21 Yes Regular Quarter
$0.1200 2003-09-23 2003-10-01 2003-10-03 2003-10-17 Yes Regular Quarter
$0.1200 2003-06-24 2003-07-02 2003-07-07 2003-07-18 Yes Regular Quarter
$0.1100 2003-03-26 2003-04-03 2003-04-07 2003-04-18 Yes Regular Quarter
$0.1100 2002-11-19 2002-12-26 2002-12-30 2003-01-22 Yes Regular Quarter
$0.1050 2002-09-17 2002-09-26 2002-09-30 2002-10-11 Unknown Regular Quarter
$0.1050 2002-06-18 2002-06-26 2002-06-28 2002-07-12 Unknown Regular Quarter
$0.1050 2002-03-06 2002-03-21 2002-03-25 2002-04-12 Unknown Regular Quarter
2-for-1 2002-02-19 2002-04-09 2002-03-25 2002-04-08 NM Stock Split NM
$0.1050 2001-11-20 2001-12-27 2001-12-31 2002-01-22 Unknown Regular Quarter
$0.1000 2001-09-18 2001-09-26 2001-09-28 2001-10-11 Unknown Regular Quarter
$0.1000 2001-06-19 2001-06-27 2001-06-29 2001-07-12 Unknown Regular Quarter
$0.1000 2001-03-21 2001-03-29 2001-04-02 2001-04-12 Unknown Regular Quarter
$0.1000 2000-12-18 2000-12-27 2000-12-29 2001-01-22 Unknown Regular Quarter
$0.0950 2000-09-19 2000-09-27 2000-09-29 2000-10-12 Unknown Regular Quarter
$0.0950 2000-06-19 2000-06-28 2000-06-30 2000-07-14 Unknown Regular Quarter
$0.0950 2000-03-15 2000-03-29 2000-03-31 2000-04-13 Unknown Regular Quarter
$0.0950 1999-12-20 1999-12-29 1999-12-31 2000-01-24 Unknown Regular Quarter
$0.0850 1999-09-20 1999-09-29 1999-10-01 1999-10-13 Unknown Regular Quarter
$0.0850 1999-06-21 1999-06-30 1999-07-02 1999-07-15 Unknown Regular Quarter
$0.0850 1999-03-18 1999-03-29 1999-03-31 1999-04-13 Unknown Regular Quarter
$0.0850 1998-12-21 1998-12-29 1998-12-31 1999-01-22 Unknown Regular Quarter
$0.0800 1998-09-21 1998-09-29 1998-10-01 1998-10-13 Unknown Regular Quarter
$0.0800 1998-06-22 1998-06-30 1998-07-02 1998-07-14 Unknown Regular Quarter
$0.0800 1998-03-18 1998-03-27 1998-03-31 1998-04-13 Unknown Regular Quarter
$0.0800 1997-12-15 1997-12-29 1997-12-31 1998-01-23 Unknown Regular Quarter
$0.0750 1997-09-22 1997-09-30 1997-10-02 1997-10-13 Unknown Regular Quarter
$0.0750 1997-06-16 1997-06-26 1997-06-30 1997-07-11 Unknown Regular Quarter
$0.0750 1997-03-19 1997-03-26 1997-03-31 1997-04-10 Unknown Regular Quarter
$0.0750 1996-12-16 1996-12-27 1996-12-31 1997-01-20 Unknown Regular Quarter
$0.0700 1996-09-16 1996-09-26 1996-09-30 1996-10-10 Unknown Regular Quarter
$0.0700 1996-06-18 1996-06-26 1996-06-28 1996-07-10 Unknown Regular Quarter
$0.0700 1996-03-20 1996-03-28 1996-04-01 1996-04-10 Unknown Regular Quarter
$0.0700 1995-12-18 1995-12-27 1995-12-29 1996-01-19 Unknown Regular Quarter
$0.0650 1995-09-19 1995-09-27 1995-09-29 1995-10-09 Unknown Regular Quarter
$0.1250 1995-05-04 1995-06-28 1995-06-30 1995-07-28 Unknown Regular Quarter
$0.0650 1995-06-26 1995-07-03 1995-07-06 1995-07-14 Unknown Regular Quarter
$0.1250 1995-02-16 1995-03-24 1995-03-30 1995-04-28 Unknown Regular Quarter
$0.0650 1995-03-15 1995-03-27 1995-03-31 1995-04-10 Unknown Regular Quarter
$0.1250 1994-11-14 1994-12-23 1994-12-30 1995-01-30 Unknown Regular Quarter
$0.0650 1994-12-19 1994-12-23 1994-12-30 1995-01-20 Unknown Regular Quarter
$0.1250 1994-08-18 1994-09-26 1994-09-30 1994-10-28 Unknown Regular Quarter
$0.0600 1994-09-20 1994-09-26 1994-09-30 1994-10-10 Unknown Regular Quarter
$0.1250 1994-05-16 1994-06-24 1994-06-30 1994-07-29 Unknown Regular Quarter
$0.0600 1994-06-20 1994-06-27 1994-07-01 1994-07-11 Unknown Regular Quarter
$0.1250 1994-02-17 1994-03-24 1994-03-30 1994-04-29 Unknown Regular Quarter
$0.0600 1994-03-16 1994-03-25 1994-03-31 1994-04-11 Unknown Regular Quarter
$0.1250 1993-11-15 1993-12-23 1993-12-30 1994-01-28 Unknown Regular Quarter
$0.0600 1993-12-20 1993-12-27 1993-12-31 1994-01-14 Unknown Regular Quarter
$0.1250 1993-08-19 1993-09-24 1993-09-30 1993-10-29 Unknown Regular Quarter
$0.0550 1993-09-17 1993-09-24 1993-09-30 1993-10-11 Unknown Regular Quarter
$0.1250 1993-05-14 1993-06-24 1993-06-30 1993-07-30 Unknown Regular Quarter
$0.0550 1993-06-21 1993-06-25 1993-07-01 1993-07-12 Unknown Regular Quarter
$0.1250 1993-02-18 1993-03-24 1993-03-30 1993-04-30 Unknown Regular Quarter
$0.0550 1993-03-17 1993-03-25 1993-03-31 1993-04-12 Unknown Regular Quarter
$0.1250 1992-11-16 1992-12-23 1992-12-30 1993-01-29 Unknown Regular Quarter
$0.0550 1992-12-21 1992-12-24 1992-12-31 1993-01-15 Unknown Regular Quarter
Company Profile

MKC Company Profile

Exchange: NYSE
Sector: Consumer Goods

McCormick & Company, Incorporated (MKC) engages in the manufacture, marketing, and distribution of spices, seasoning mixes, condiments, and other flavorful products to retail outlets, food manufacturers, and foodservice businesses. It operates in two segments: Consumer and Industrial. McCormick & Company markets its products under the McCormick, Lawry’s, Club House, Zatarain’s, Thai Kitchen, Simply Asia, Ducros, Schwartz, Kamis, Vahiné, and Kohinoor brand names. McCormick & Company, Incorporated was founded in 1889 and is headquartered in Sparks, Maryland. McCormick is affected by the availability and price of certain raw materials, including dairy products, pepper, and rice. As well, changes in interest rates may affect McCormick as it primarily funds its activities through credit markets. McCormick & Company has been paying dividends since 1981, and has increased them annually since 1987. This company is known as a dividend aristocrat as it has been increasing dividends for 25 years consecutively. McCormick & Company pays its dividends quarterly.

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News

McCormick & Co. 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...
  • While it has been a relatively slow news week for dividend stocks, packaged food companies have found themselves in the spotlight. 1. General...
  • Before the opening bell on Thursday, a number of big name, dividend paying companies announced their quarterly earnings. Below, we look at these...
  • 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.
    Expand to read the full story
  • 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.
    Expand to read the full story
  • 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.
    Expand to read the full story
  • 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.
    Expand to read the full story