McCormick & Company, Incorporated (NYSE:MKC) Shares Will Pay Quarterly Dividend of $0.48

McCormick & Company, Incorporated (NYSE:MKC) announced a quarterly dividend on Thursday, September 24th. Stockholders of record on Tuesday, October 13th will be given a dividend of $0.48 per share on Monday, October 26th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Tuesday, October 13th.

McCormick & Company, Incorporated has raised its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 38 consecutive years. McCormick & Company, Incorporated has a payout ratio of 57.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect McCormick & Company, Incorporated to earn $3.29 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 58.4%.

McCormick & Company, Incorporated Trading Down 0.4%

NYSE MKC traded down $0.20 during mid-day trading on Friday, reaching $47.62. 147,110 shares of the stock were exchanged, compared to its average volume of 3,933,591. McCormick & Company, Incorporated has a one year low of $44.82 and a one year high of $72.41. The stock has a 50 day simple moving average of $52.31 and a 200-day simple moving average of $51.26. The stock has a market cap of $12.80 billion, a P/E ratio of 7.92, a P/E/G ratio of 1.99 and a beta of 0.64. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.78 and a quick ratio of 0.39.

McCormick & Company, Incorporated (NYSE:MKC) last issued its quarterly earnings results on Thursday, June 25th. The company reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.11. The business had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.91 billion. McCormick & Company, Incorporated had a net margin of 21.91% and a return on equity of 12.78%. The business’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.69 earnings per share. On average, analysts anticipate that McCormick & Company, Incorporated will post 3.08 EPS for the current year.

About McCormick & Company, Incorporated

McCormick & Company, Incorporated (NYSE:MKC) is a global food company that manufactures, markets and distributes spices, herbs, seasonings, condiments, sauces and other flavoring products. Its portfolio serves both retail consumers and foodservice customers, while its flavor solutions business supplies seasoning blends, natural flavors and other ingredients to food manufacturers and restaurant operators.

The company’s consumer brands include McCormick, French’s, Frank’s RedHot, Lawry’s, Old Bay and Gourmet Garden, among others.