By the close of today, October 24, 2023, McCormick & Co MKC will issue a dividend payout of $0.39 per share, resulting in an annualized dividend yield of 2.11%. This payout is exclusively for shareholders who held the stock before the ex-dividend date on October 06, 2023.
McCormick & Co Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-10-06 | 4 | $0.39 | 2.11% | 2023-09-28 | 2023-10-10 | 2023-10-24 |
| 2023-07-07 | 4 | $0.39 | 1.67% | 2023-06-27 | 2023-07-10 | 2023-07-24 |
| 2023-04-06 | 4 | $0.39 | 1.92% | 2023-03-29 | 2023-04-10 | 2023-04-24 |
| 2022-12-29 | 4 | $0.39 | 1.86% | 2022-11-29 | 2022-12-30 | 2023-01-09 |
| 2022-10-07 | 4 | $0.37 | 1.97% | 2022-09-29 | 2022-10-11 | 2022-10-25 |
| 2022-07-08 | 4 | $0.37 | 1.68% | 2022-06-28 | 2022-07-11 | 2022-07-25 |
| 2022-04-08 | 4 | $0.37 | 1.53% | 2022-03-30 | 2022-04-11 | 2022-04-25 |
| 2021-12-30 | 4 | $0.37 | 1.7% | 2021-11-30 | 2021-12-31 | 2022-01-10 |
| 2021-10-08 | 4 | $0.34 | 1.61% | 2021-09-28 | 2021-10-12 | 2021-10-26 |
| 2021-07-09 | 4 | $0.34 | 1.54% | 2021-06-29 | 2021-07-12 | 2021-07-26 |
| 2021-04-09 | 4 | $0.34 | 1.51% | 2021-03-31 | 2021-04-12 | 2021-04-26 |
| 2020-12-30 | 4 | $0.34 | 0.74% | 2020-11-20 | 2020-12-31 | 2021-01-11 |
When comparing McCormick & Co's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer Cal-Maine Foods CALM having the highest annualized dividend yield at 9.70%.
Analyzing McCormick & Co Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
As you can see, from 2019 to 2022, investors saw an average increase in the company's dividend per share, rising from $1.16 in 2019 to $1.50 in 2022. This is good for investors because it shows that the company has steadily returned more capital back to their shareholders and it could mean that they are planning to continue increasing dividends.
YoY Earnings Growth For McCormick & Co
The earnings chart above reveals a decrease in McCormick & Co's earnings per share, declining from $2.71 in 2019 to $2.64 in 2022. This could raise concerns for income-seeking investors, as it suggests a decline in the company's profitability. It is crucial to closely monitor the situation and assess the factors contributing to this decrease, as it may have implications for future cash dividend payouts.
Recap
This article takes an in-depth look at McCormick & Co's recent dividend payout and its implications for shareholders. The company is currently distributing a dividend of $0.39 per share today, translating to an annualized dividend yield of 2.11%.
When comparing McCormick & Co's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer Cal-Maine Foods having the highest annualized dividend yield at 9.70%.
Considering the increase in dividend per share from 2019 to 2022 alongside a decrease in earnings per share, McCormick & Co appears to be focusing on maintaining dividend payments even with a decline in profitability.
Keeping a close watch on the company's performance in the coming quarters will enable investors to stay abreast of any modifications in financials or dividend disbursements.
\To stay up-to-date with the companies that are announcing their dividends, click here to visit our Dividends Calendar.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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