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Data last updated: Oct 16, 2026
Snapshot (as of Oct 16, 2026): McCormick & Company, Incorporated (MKC) pays a $1.89 annual dividend ($0.48 quarterly), yielding 4.20% at $46.16/share. Next ex-dividend date 2026-10-13. 27 consecutive years of dividend growth (Dividend Aristocrat). Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 4.20%
Annual Dividend: $1.89 per share
Payout Ratio: 34.2%
Ex-Dividend Date: 2026-10-13
Dividend Frequency: quarterly
Sector: Consumer Defensive
Years of Dividend History: 43
McCormick & Company, Incorporated dividend investors are looking at a global spice and flavoring business built on brands like Frank's RedHot, French's, and OLD BAY. The current yield sits at 3.88%, paid quarterly, with a trailing annual rate of $1.89 per share and the next ex-dividend date on July 6, 2026. MKC is a Dividend Aristocrat with 27 consecutive years of increases, a streak that signals long-term commitment to income. With a beta of 0.634, MKC stock moves well below the broader market, making it a fit for investors who prioritize income with lower price volatility.
McCormick & Company, Incorporated pays out 30.7% of earnings as dividends, a payout ratio classified as conservative (below 40%). That low retention of earnings relative to the dividend reflects a business supplying spices, seasoning blends, and flavor formulations to both retail consumers and large food manufacturers, two channels with recurring, everyday demand. McCormick & Company, Incorporated dividend safety benefits from this wide earnings cushion, which leaves room to sustain and grow the payout even if earnings face short-term pressure. The primary risk is margin compression from input cost volatility, given the company's reliance on agricultural commodities across its global supply chain.
McCormick & Company, Incorporated dividend history shows a CAGR of 8.6% per year from 2011 to 2025. The per-share dividend grew from $0.575 to $1.83 over that period (2026 data is partial and excluded from the rate calculation). The smallest annual increase in the window was 6.0% in 2023. Even at the floor, growth outpaced most inflation benchmarks, which means MKC's income stream has expanded purchasing power for investors who held through the full period.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +6.9% | $1.50 (2022) | $1.83 (2025) |
| 5-Year | +7.6% | $1.27 (2020) | $1.83 (2025) |
| 10-Year | +8.4% | $0.81 (2015) | $1.83 (2025) |
McCormick & Company, Incorporated suits dividend investors who want a moderate (2-4%) yield backed by a long, unbroken growth record. The current 3.88% yield sits above the 5-year average of 3.29%, offering a slightly better entry point on income than the stock's own recent history. As a Dividend Aristocrat with 27 consecutive years of increases, MKC has demonstrated a clear pattern of rewarding income investors through varying conditions. The trade-off is straightforward: growth is the defining feature here, not a high starting yield. Investors get a conservative 30.7% payout ratio and a proven increase streak, but accept that the yield itself stays in moderate territory.
MKC is a Dividend Aristocrat with 27 consecutive years of dividend increases.
| Payment Date | Amount per Share |
|---|---|
| 2026-10-13 | $0.4800 |
| 2026-07-06 | $0.4800 |
| 2026-04-20 | $0.4800 |
| 2025-12-29 | $0.4800 |
| 2025-10-14 | $0.4500 |
| 2025-07-07 | $0.4500 |
| 2025-04-07 | $0.4500 |
| 2024-12-30 | $0.4500 |
| 2024-10-07 | $0.4200 |
| 2024-07-08 | $0.4200 |
| Year | Total Dividends |
|---|---|
| 2026 | $1.4400 |
| 2025 | $1.8300 |
| 2024 | $1.7100 |
| 2023 | $1.5900 |
| 2022 | $1.5000 |
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