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McCormick (McCormick) 5-Year Dividend Growth Rate

: 8.70% (As of Feb. 2024)
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McCormick's Dividends per Share for the three months ended in Feb. 2024 was $0.42.

During the past 12 months, McCormick's average Dividends Per Share Growth Rate was 6.00% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 8.00% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 8.70% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 9.00% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of McCormick was 28.50% per year. The lowest was 5.60% per year. And the median was 9.25% per year.

McCormick's Dividend Payout Ratio for the three months ended in Feb. 2024 was 0.67. As of today, McCormick's Dividend Yield % is 2.24%.

For more information regarding to dividend, please check our Dividend Page.


Competitive Comparison

For the Packaged Foods subindustry, McCormick's 5-Year Dividend Growth Rate, along with its competitors' market caps and 5-Year Dividend Growth Rate data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


McCormick 5-Year Dividend Growth Rate Distribution

For the Consumer Packaged Goods industry and Consumer Defensive sector, McCormick's 5-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where McCormick's 5-Year Dividend Growth Rate falls into.



McCormick 5-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with least square regression.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.


McCormick  (NYSE:MKC) 5-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

McCormick's Dividend Payout Ratio for the quarter that ended in Feb. 2024 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Feb. 2024 )/ EPS without NRI (Q: Feb. 2024 )
=0.42/ 0.63
=0.67

During the past 13 years, the highest Dividend Payout Ratio of McCormick was 0.84. The lowest was 0.43. And the median was 0.45.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

McCormick Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 0.4202024-04-052024-04-082024-04-22Cash DividendquarterlyUSD:USD 1.000000
USD 0.4202023-12-282023-12-292024-01-08Cash DividendquarterlyUSD:USD 1.000000
USD 0.3902023-10-062023-10-102023-10-24Cash DividendquarterlyUSD:USD 1.000000
USD 0.3902023-07-072023-07-102023-07-24Cash DividendquarterlyUSD:USD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

McCormick's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=1.62/73.66
=2.20 %

Current Share Price is $73.66.
McCormick's Dividends per Share for the trailing twelve months (TTM) ended in Today is $1.62.

During the past 13 years, the highest Dividend Yield of McCormick was 2.58%. The lowest was 1.16%. And the median was 1.76%.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


McCormick 5-Year Dividend Growth Rate Related Terms

Thank you for viewing the detailed overview of McCormick's 5-Year Dividend Growth Rate provided by GuruFocus.com. Please click on the following links to see related term pages.


McCormick (McCormick) Business Description

Address
24 Schilling Road, Suite 1, Hunt Valley, MD, USA, 21031
In its more-than 130-year history, McCormick has grown to become the leading global manufacturer, marketer, and distributor of spices, herbs, extracts, seasonings, and other flavorings. Beyond end consumers, McCormick's customer base also includes top quick-service restaurants, retail grocery chains, and other packaged food and beverage manufacturers. And its reach is global, with nearly 40% of sales generated beyond its home turf to include 150 other countries and territories. In addition to its namesake brand, the firm's portfolio includes Old Bay, Zatarain's, Thai Kitchen, Frank's RedHot, French's, and the Cholula brand.
Executives
Jeffery D Schwartz officer: Vice President, Gen Counsel 18 LOVETON CIRCLE, SPARKS MD 21152
Michael D Mangan director 2041 ISLA VISTA LANE, NAPLES FL 34105
Jacques Tapiero director MCCORMICK & COMPANY, INC., SPARKS MD 21152
Andrew Foust officer: President, Americas 24 SCHILLING ROAD, SUITE 1, HUNT VALLEY MD 21031
Ana Sanchez officer: President EMEA 24 SCHILLING ROAD, SUITE 1, HUNT VALLEY MD 21031
Katherine Jenkins officer: C.S.O. & SVP Investor Relation 24 SCHILLING ROAD, SUITE 1, HUNT VALLEY MD 21031
Lawrence Erik Kurzius director, officer: Chairman, President & CEO 18 LOVETON CIRCLE, SPARKS MD 21152
Sarah Piper officer: Chief Human Relations Officer 24 SCHILLING ROAD, SUITE 1, HUNT VALLEY MD 21031
Brendan M Foley officer: President Global Consumer 18 LOVETON CIRCLE, SPARKS MD 21152
Preston Margaret M V director MERCANTILE-SAFE DEPOSIT & TRUST CO, 2 HOPKINS PLZ, BALTIMORE MD 21201
Michael R Smith officer: Executive VP & CFO 18 LOVETON CIRCLE, SPARKS MD 21152
Patricia A Little director 999 W BIG BEAVER ROAD, TROY MI 48084
Malcolm Swift officer: President Global Industrial & 18 LOVETON CIRCLE, SPARKS MD 21152
Lisa Manzone officer: Sr. VP Global Human Relations 18 LOVETON CIRCLE, SPARKS MD 21152
Maritza Gomez Montiel director C/O APTARGROUP, INC., 265 EXCHANGE DRIVE, SUITE 100, CRYSTAL LAKE IL 60014