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McCormick & Company, Incorporated (MKC) logo

McCormick & Company, Incorporated

Dividend AristocratS&P 500
MKC|Consumer Defensive|Packaged Foods|$48.32|P/E 7.9|MCap 13.0B|NYSE

Last update: May 9, 2026 at 09:32

Dividend Safety Rating

79/ 100Safe

MKC's dividend appears safe and well-supported. Strengths include a 30.0% earnings payout ratio & 49.5% cfo payout ratio. Areas of concern: 0.8x current ratio. As a Dividend Aristocrat with 25+ consecutive years of increases, MKC has a proven commitment to shareholders.

Based on 15 of 15 metrics

Strengths

  • Earnings Payout Ratio: 30.0%Low earnings payout ratio leaves room to grow the dividend.
  • Debt-to-Equity: 65.2Conservative debt level relative to equity.
  • Return on Equity: 25.4%Strong return on equity reflects efficient profit generation.

Risks

  • Current Ratio: 0.8xLimited short-term liquidity to meet obligations.

Payout & Coverage

Safe
Earnings Payout Ratio
30.0%Very Safe
FCF Payout Ratio
72.2%Caution
CFO Payout Ratio
49.5%Safe
Interest Coverage
5.7xSafe

Balance Sheet

Caution
Net Debt / Total Assets
30.8%Caution
Current Ratio
0.8xWarning
Debt-to-Equity
65.2Very Safe

Profitability

Safe
Return on Equity
25.4%Very Safe
Operating Margin
14.3%Caution
Gross Margin
37.8%Safe
Profit Margin Stability
Very StableVery Safe

Dividend Track Record

Very Safe
Dividend Streak
Aristocrat (25+ yrs)Very Safe
Dividend Cut
NoneVery Safe
5-Year Dividend CAGR
7.6%Safe
Earnings Stability
GrowingVery Safe

About McCormick & Company, Incorporated

McCormick & Company, Incorporated is a global leader in the manufacturing, marketing, and distribution of spices, seasonings, condiments, and other flavorful products. The company serves retail consumers, food manufacturers, and the foodservice industry through its Consumer and Flavor Solutions segments. Its portfolio features well-known brands such as McCormick spices and herbs, Frank’s RedHot sauce, French’s mustard, Old Bay, Zatarain’s, Thai Kitchen, and Cholula, alongside custom seasoning blends and proprietary flavor systems for commercial clients including quick-service restaurants and packaged food producers. McCormick maintains research and development centers in North America, Europe, and Asia to drive product innovation, ensure quality, and uphold food safety standards. With operations spanning more than 150 countries, the company supports localized product development and sustainable supply chains through regional headquarters in Europe, Asia-Pacific, and Latin America. Founded in 1889 and headquartered in Hunt Valley, Maryland, McCormick holds a prominent position in the flavor industry, emphasizing culinary expertise across diverse global markets.

Dividend Overview

Dividend Yield

3.85%

Annual Dividend

$1.86

Frequency

Quarterly

Payout Ratio

30.00%

FCF Payout Ratio

72.19%

Stock Price

$48.32

52-Week Range

$47.30 $78.16

Dividend History (2016–2025)

MKC annual dividend per share and yield history

Earnings & Profitability

MKC earnings per share and net profit margin

Key Dates

Last Ex-Dividend Date

April 20, 2026

Last Payment Date

April 27, 2026

Dividend Growth

3-Year Dividend CAGR

6.85%

5-Year Dividend CAGR

7.58%

10-Year Dividend CAGR

8.42%

3-Year Total Growth

22.00%

5-Year Total Growth

44.09%

10-Year Total Growth

124.54%

Dividend Aristocrat (25+ yrs)

This company has increased its dividend for 25+ consecutive years.

Income Calculator

MKC Dividend Calculator

Total Investment

$4,832.00

Annual Income

$186.00

Quarterly Income

$46.50

Monthly Income

$15.50

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Frequently Asked Questions

What is MKC's current dividend yield?
McCormick & Company, Incorporated (MKC) currently has a dividend yield of 3.85%, based on a stock price of $48.32 and an annual dividend of $1.86.
When is MKC's next dividend payment date?
MKC's next ex-dividend date is 2026-04-20 and the next payment date is 2026-04-27. You must own the stock before the ex-dividend date to receive the upcoming payment.
How much does MKC pay in dividends per year?
McCormick & Company, Incorporated paid $1.83 per share in annual dividends in 2025. The dividends are paid quarterly.
Has MKC been increasing its dividend?
Yes, McCormick & Company, Incorporated is a Dividend Aristocrat (25+ yrs). Its dividend has grown at a 5-year CAGR of 7.58%, a 3-year CAGR of 6.85% and a 10-year CAGR of 8.42%.
Is MKC's dividend safe?
McCormick & Company, Incorporated has a payout ratio of 30.00%. Its free cash flow payout ratio is 72.19%. A payout ratio below 60% is generally considered sustainable.
How is MKC's Dividend Safety Rating calculated?
The Dividend Safety Rating evaluates McCormick & Company, Incorporated's dividend sustainability across four categories: Payout & Coverage (30%), Balance Sheet (20%), Profitability (20%), and Dividend Track Record (30%). Each metric is rated from "Very Safe" to "Danger" based on industry-standard thresholds, with sector-specific adjustments for consumer defensive companies. The overall score ranges from 0 to 100.

Want to understand how we rate dividend safety? Read our full methodology

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This page is not investment advice. The content is for informational purposes only and should not be construed as a recommendation to buy, sell, or hold any security. Always do your own research and consult a qualified financial advisor before making investment decisions.

Financial data, including dividend history, earnings, balance sheet metrics, and the Dividend Safety Rating, is provided for informational purposes only. Data may be delayed or differ from official filings. Past performance does not guarantee future results. Always verify with official sources before making investment decisions.

Market data provided by Twelve Data.