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

McCormick & Company, Incorporated (NYSE:MKC) declared a quarterly dividend on Tuesday, June 23rd. Stockholders 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 dividend yield of 4.0%. The ex-dividend date is Monday, July 6th.

McCormick & Company, Incorporated has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 38 years. McCormick & Company, Incorporated has a dividend payout ratio of 57.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect McCormick & Company, Incorporated to earn $3.40 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 56.5%.

McCormick & Company, Incorporated Stock Up 0.2%

NYSE MKC opened at $47.46 on Thursday. The company has a quick ratio of 0.36, a current ratio of 0.76 and a debt-to-equity ratio of 0.48. The company has a fifty day moving average of $48.55 and a two-hundred day moving average of $58.13. The firm has a market capitalization of $12.75 billion, a price-to-earnings ratio of 7.78, a PEG ratio of 2.34 and a beta of 0.65. McCormick & Company, Incorporated has a 52 week low of $44.82 and a 52 week high of $78.16.

McCormick & Company, Incorporated (NYSE:MKC) last announced its earnings results on Tuesday, March 31st. The company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.05. McCormick & Company, Incorporated had a net margin of 23.12% and a return on equity of 13.29%. The business had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.79 billion. During the same quarter in the prior year, the firm posted $0.60 earnings per share. The business’s revenue for the quarter was up 16.7% on a year-over-year basis. On average, analysts predict 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.