McCormick (MEX:MKC) Dividend Payout Ratio: 0.67 (As of May. 2026) — 31% Above Median

What is McCormick Dividend Payout Ratio?

McCormick MEX:MKC -3.08% 65 Dividend Payout Ratio is 0.67 as of May. 2026, which is 31% above its 10-year median of 0.51. GuruFocus rates MEX:MKC with a GF Score™ of 65/100 and a GF Value™ of MXN1,351.80 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 998 Consumer Packaged Goods companies, McCormick ranks worse than 65.63% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. McCormick's Dividend Payout Ratio for the months ended in May. 2026 was 0.67.

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

MEX:MKC' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.43 Med: 0.51 Max: 0.84
Current: 0.6

During the past 13 years, the highest Dividend Payout Ratio of McCormick was 0.84. The lowest was 0.43. And the median was 0.51.

MEX:MKC's Dividend Payout Ratio is ranked worse than
65.63% of 998 companies
in the Consumer Packaged Goods industry
Industry Median: 0.44 vs MEX:MKC: 0.60

As of today (2026-07-01), the Dividend Yield % of McCormick is 3.82%.

During the past 13 years, the highest Trailing Annual Dividend Yield of McCormick was 3.99%. The lowest was 1.16%. And the median was 1.76%.

McCormick's Dividends per Share for the months ended in May. 2026 was MXN8.33.

During the past 12 months, McCormick's average Dividends Per Share Growth Rate was 6.90% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 6.70% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 7.60% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 8.70% 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 6.60% per year. And the median was 9.10% per year.

The growth rate is calculated with least square regression.

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

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

McCormick (MEX:MKC) Dividend Payout Ratio Explanation

In dividends investing, Dividend 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

McCormick Dividend Payout Ratio Historical Data

* Premium members only.

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.

McCormick Dividend Payout Ratio Chart

McCormick Annual Data

Trend

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Nov24

Nov25

Dividend Payout Ratio

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0.45

0.59

0.58

0.57

0.60

McCormick Quarterly Data
	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24	Feb25	May25	Aug25	Nov25	Feb26	May26
Dividend Payout Ratio	Get a 7-Day Free Trial															0.65	0.53	0.52	0.73	0.67

MEX:MKC vs JBS, HRL, SJM: Dividend Payout Ratio 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 vs Consumer Packaged Goods Industry

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.

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65GF Score

McCormick & Co Inc MEX:MKC

Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.

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McCormick Dividend Payout Ratio Calculation

McCormick's Dividend Payout Ratio for the fiscal year that ended in Nov. 2025 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Nov. 2025 )	/	EPS without NRI (A: Nov. 2025 )
	=	32.976	/	54.961
	=	0.60

McCormick's Dividend Payout Ratio for the quarter that ended in May. 2026 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: May. 2026 )	/	EPS without NRI (Q: May. 2026 )
	=	8.328	/	12.468
	=	0.67

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 0.67 mean?

McCormick (MEX:MKC) has a Dividend Payout Ratio of 0.67 as of May. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on McCormick and its competitors. This is 31% above median its historical median of 0.51. Over the past decade, McCormick's Dividend Payout Ratio has ranged from 0.43 to 0.84. According to the industry distribution chart, McCormick ranks #655 out of 998 companies in the Consumer Packaged Goods industry, placing it in the top 65.6%.

Is McCormick's Dividend Payout Ratio too high?

McCormick's current Dividend Payout Ratio of 0.67 is 31% above median its 10-year median of 0.51. Over the past 10 years, this metric has ranged from a low of 0.43 to a high of 0.84. The Consumer Packaged Goods industry median Dividend Payout Ratio is 0.44. McCormick's value of 0.67 is 52.3% above this industry median. Based on the distribution chart, McCormick ranks #655 out of 998 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, McCormick has a GF Score™ of 65/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.

How does McCormick's Dividend Payout Ratio compare to JBS and HRL?

According to the Consumer Packaged Goods industry distribution chart, McCormick ranks #655 out of 998 companies for Dividend Payout Ratio. This places McCormick in the lower half of its industry. The industry median Dividend Payout Ratio is 0.44. McCormick's value of 0.67 is 52.3% above this benchmark. Historically, McCormick's own Dividend Payout Ratio has ranged from 0.43 to 0.84 over the past decade. While the company's 10-year median is 0.51 vs. the industry median of 0.44, McCormick has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Dividend Payout Ratio for a Consumer Packaged Goods company?

The median Dividend Payout Ratio among Consumer Packaged Goods companies is 0.44, based on 998 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. McCormick's current Dividend Payout Ratio of 0.67 is 52.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Dividend Payout Ratio mean?

A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on McCormick and its competitors. For the Consumer Packaged Goods industry, the median Dividend Payout Ratio is 0.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. McCormick's current Dividend Payout Ratio is 0.67, which is 31% above median its own 10-year median of 0.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is McCormick stock overvalued right now?

Based on GuruFocus' analysis, McCormick (MEX:MKC) is currently considered Significantly Undervalued. The stock's GF Value™ is MXN1,351.80, compared to a current price of MXN882.00 — trading 34.8% below its estimated fair value. The current Dividend Payout Ratio is 0.67, which is 31% above median its 10-year median of 0.51 and 52.3% above the Consumer Packaged Goods industry median of 0.44. McCormick's overall GF Score™ is 65/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Dividend Payout Ratio calculated?

Dividend Payout Ratio is calculated from a company's financial statements. For McCormick (MEX:MKC), the current Dividend Payout Ratio is 0.67 as of May. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is McCormick (MEX:MKC) Overvalued in 2026?

Based on GuruFocus' analysis, McCormick stock appears to be undervalued. The current stock price of MXN882.00 is trading 34.8% below its estimated GF Value™ of MXN1,351.80. GuruFocus considers McCormick to be Significantly Undervalued.

Key valuation signals for MEX:MKC:

Dividend Payout Ratio: 0.67 (31% above median its 10-year median of 0.51)
GF Value™: MXN1,351.80 vs. price of MXN882.00 (34.8% below fair value)
GF Score™: 65/100 with 5 warning signs
Industry Position: 52.3% above the Consumer Packaged Goods median (#655 of 998)

No single metric tells the full story. See the MEX:MKC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

McCormick Business Description

Industry Consumer Defensive Consumer Packaged Goods

Comparable Companies JBS HRL SJM SFD DAR GIS PPC CPB CAG LW XSWX:NESN XPAR:BN BOG:NUTRESA TSE:2802 NSE:NESTLEIND SHSE:603288 KHC SHSE:600887 SZSE:300999 LSE:ABF

Other Exchanges MKC.V:USA MKC:USA 1MKC:Italy 0JZS:UK MCX:Germany M1KC34:Brazil MKC:Austria

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

Website https://www.mccormickcorporation.com

In its 135-plus-year history, McCormick has become the leading global manufacturer of spices, herbs, extracts, seasonings, and other flavorings. In addition to its namesake brand, the firm's portfolio includes Old Bay, Zatarain's, Thai Kitchen, Frank's RedHot, French's, and Cholula. This mix will be complemented by the pending addition of Unilever's food brands, primarily Knorr cooking aids and Hellmann's mayonnaise. After the deal close, the combined business is slated to generate 70% of sales from consumers and 30% from restaurants and other packaged food and beverage manufacturers. Around 40% of sales are slated to come from faster-growing emerging markets, with Europe (23%) and North America (36%) accounting for the remainder.

65GF Score

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Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN882.00

Price

MXN1,351.80

GF Value

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