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MKC Mccormick dividend history, payout ratio & dates

Mccormick's last quarterly dividend was on Dec 28, 2023 (ex-date) with a distribution of $0.42 per share. At an annualized rate of $1.59 per share, the stock yields 2.34%. The latest dividend has increased by $0.03, or 8% from the prior dividend.

Key dates

  • MKC last dividend date: Dec 28, 2023
  • MKC next dividend date: Not announced
MKC dividend stats
DPS
$1.59
Dividend yield
2.34%
Payout ratio
62.6%
vs. Consumer Defensive sector
Dividend yield
2.41%
Payout ratio
45.4%

Dividend yield

What is Mccormick current dividend yield

MKC has a dividend yield of 2.34% which is below the Consumer Defensive sector and the industry average. But compared to its Consumer Defensive sector average of 2.41%, Mccormick's dividend yield is only 2.9% lower. The historical 5-year average of MKC's dividend yield is 1.7%, which is below the current yield.

Dividend history

What is MKC dividend payout history and dates

Mccormick has been paying dividends since 1994. MKC has distributed four quarterly dividends in the past year. The annualized dividend per share has increased by 6% for the last twelve months. And with the stock price down by 10% from a year ago, the dividend yield has increased by 18%.

Recent dividends

Ex-date Payment date Declared on Amount Type
Dec 28, 2023 Jan 8, 2024 Nov 28, 2023 $0.42 normal
Oct 6, 2023 Oct 24, 2023 Sep 28, 2023 $0.39 normal
Jul 7, 2023 Jul 24, 2023 Jun 27, 2023 $0.39 normal
Apr 6, 2023 Apr 24, 2023 Mar 29, 2023 $0.39 normal
Dec 29, 2022 Jan 9, 2023 Nov 29, 2022 $0.39 normal
Oct 7, 2022 Oct 25, 2022 Sep 29, 2022 $0.37 normal
Jul 8, 2022 Jul 25, 2022 Jun 28, 2022 $0.37 normal
Apr 8, 2022 Apr 25, 2022 Mar 30, 2022 $0.37 normal
Dec 30, 2021 Jan 10, 2022 Nov 30, 2021 $0.37 normal
Oct 8, 2021 Oct 26, 2021 Sep 28, 2021 $0.34 normal
Jul 9, 2021 Jul 26, 2021 Jun 29, 2021 $0.34 normal
Apr 9, 2021 Apr 26, 2021 Mar 31, 2021 $0.34 normal
Dec 30, 2020 Jan 11, 2021 Nov 20, 2020 $0.68 normal
Oct 2, 2020 Oct 19, 2020 Sep 22, 2020 $0.31 normal
Jul 2, 2020 Jul 20, 2020 Jun 23, 2020 $0.31 normal
Apr 9, 2020 Apr 27, 2020 Apr 1, 2020 $0.31 normal
Dec 30, 2019 Jan 13, 2020 Nov 26, 2019 $0.31 normal
Oct 4, 2019 Oct 21, 2019 Sep 24, 2019 $0.285 normal
Jul 5, 2019 Jul 22, 2019 Jun 25, 2019 $0.285 normal
Apr 5, 2019 Apr 22, 2019 Mar 27, 2019 $0.285 normal
Dec 28, 2018 Jan 14, 2019 Nov 27, 2018 $0.285 normal
Oct 5, 2018 Oct 23, 2018 Sep 25, 2018 $0.26 normal
Jul 6, 2018 Jul 23, 2018 Jun 26, 2018 $0.26 normal
Apr 6, 2018 Apr 23, 2018 Mar 28, 2018 $0.26 normal
Dec 28, 2017 Jan 16, 2018 Nov 28, 2017 $0.26 normal
Oct 6, 2017 Oct 24, 2017 Sep 26, 2017 $0.235 normal
Jul 6, 2017 Jul 24, 2017 Jun 27, 2017 $0.235 normal
Apr 6, 2017 Apr 24, 2017 Mar 29, 2017 $0.235 normal
Dec 28, 2016 Jan 17, 2017 Nov 29, 2016 $0.235 normal
Oct 6, 2016 Oct 25, 2016 Sep 27, 2016 $0.215 normal
Jul 7, 2016 Jul 25, 2016 Jun 28, 2016 $0.215 normal
Apr 7, 2016 Apr 25, 2016 Mar 30, 2016 $0.215 normal
Dec 29, 2015 Jan 15, 2016 Nov 24, 2015 $0.215 normal
Oct 8, 2015 Oct 27, 2015 Sep 29, 2015 $0.2 normal

Mccormick dividend payout ratio

What is Mccormick dividend payout ratio compared to the sector

Payout ratio

MKC has a payout ratio of 62.6% which is higher than the Consumer Defensive sector and the industry average. If we compare it with the Consumer Defensive sector average of 45.4%, Mccormick's payout ratio is 38% higher.

Total amount of dividends paid per financial year (from cash flow)

MKC dividend vs peer dividends

How does MKC dividend compare to its peers' dividends
Name Dividend yield DPS Payout ratio
CAG Conagra Brands Inc 4.85% $1.38 66.7%
TSN Tyson Foods Inc 3.57% $1.93 N/A
PEP Pepsico Inc 2.93% $4.95 75%
MKC Mccormick & Co Inc 2.34% $1.59 62.6%

Frequently asked questions

Does Mccormick pay a dividend?

Yes, Mccormick has paid four dividends in the last twelve months. MKC has been paying dividends since 1994.

When is Mccormick's next dividend?

At this point we don't have a record of MKC's next dividend date, but based on the current dividend schedule we project that it will likely be in March 2024.

When was MKC's last dividend?

Mccormick's last dividend ex-date was on Dec 28, 2023. The dividend amount was $0.42 per share.

How much dividend does Mccormick pay (per share)?

On an annual basis MKC pays $1.59 per share.

What is Mccormick's dividend yield?

Currently Mccormick's dividend yield is 2.34%.

How often does Mccormick pay dividends?

Mccormick has a quarterly dividend frequency.

What is Mccormick's dividend payout ratio?

Mccormick's dividend payout ratio is 62.6%.

Does Mccormick pay a good dividend?

Mccormick's dividend yield is similar to the Consumer Defensive sector average.