McCormick (McCormick) Dividend Payout Ratio

: 0.67 (As of Feb. 2024)

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McCormick's dividend payout ratio for the months ended in Feb. 2024 was 0.67.

The historical rank and industry rank for McCormick's Dividend Payout Ratio or its related term are showing as below:

MKC' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.43 Med: 0.45 Max: 0.84
Current: 0.58

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.

MKC's Dividend Payout Ratio is ranked worse than
67.72% of 920 companies
in the Consumer Packaged Goods industry
Industry Median: 0.4 vs MKC: 0.58

As of today (2024-04-19), the Dividend Yield % of McCormick is 2.25%.

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

McCormick's Dividends per Share for the 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.

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.

The growth rate is calculated with least square regression.

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

McCormick Dividend Payout Ratio Historical Data

The historical data trend for McCormick's Dividend Payout Ratio can be seen below:

* 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.

* Premium members only.

McCormick Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Dividend Payout Ratio

0.43

0.44

0.45

0.59

0.58

McCormick Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Dividend Payout Ratio																0.46	0.65	0.60	0.46	0.67

Competitive Comparison

For the Packaged Foods subindustry, McCormick's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio 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 Dividend Payout Ratio Distribution

For the Consumer Packaged Goods industry and Consumer Defensive sector, McCormick's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where McCormick's Dividend Payout Ratio falls into.

McCormick Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

McCormick's Dividend Payout Ratio for the fiscal year that ended in Nov. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Nov. 2023 )	/	EPS without NRI (A: Nov. 2023 )
	=	1.56	/	2.7
	=	0.58

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

McCormick (NYSE:MKC) Dividend Payout Ratio Explanation

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

McCormick Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of McCormick's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

McCormick (McCormick) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » McCormick & Co Inc (NYSE:MKC) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

MKC.V:USA MCX0:Germany MCX:Germany MCX:Germany M1KC34:Brazil MKC:Austria

Address

24 Schilling Road, Suite 1, Hunt Valley, MD, USA, 21031

Website

https://www.mccormickcorporation.com

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