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Data last updated: Sep 01, 2026
Snapshot (as of Sep 01, 2026): McCormick & Company, Incorporated (MKC) pays a $1.89 annual dividend ($0.48 quarterly), yielding 3.47% at $54.50/share. Next ex-dividend date 2026-07-06. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 3.47%
Annual Dividend: $1.89 per share
Payout Ratio: 30.7%
Ex-Dividend Date: 2026-07-06
Dividend Frequency: quarterly
Sector: Consumer Defensive
Years of Dividend History: 43
McCormick & Company, Incorporated dividend income comes from one of the world's most recognized spice and seasoning businesses, built on brands like Frank's RedHot, French's, and OLD BAY. The current yield stands at 3.41%, with trailing annual payments of $1.89 per share paid quarterly. The next ex-dividend date is July 6, 2026. MKC's beta of 0.627 points to below-average price volatility, which suits income investors who prioritize a smoother ride over maximum capital gains.
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 means the payout has substantial room to absorb an earnings dip before the dividend comes under pressure, and MKC's portfolio of everyday pantry staples, spices, and condiments sold through grocery stores and mass merchandisers supports recurring demand. McCormick & Company, Incorporated dividend safety faces its most credible test from the company's Flavor Solutions segment, which serves large food manufacturers and foodservice clients, making a portion of revenue sensitive to shifts in commercial food production volumes.
Over the past 15 years, McCormick & Company, Incorporated dividend history shows a CAGR of 3.7% per year from 2010 to 2025. Per-share payments grew from $1.06 to $1.83 over that window (2026 is a partial year and excluded from the rate calculation). The largest annual increase in the window was 10.4% in 2012, though the data also contains at least one year-over-year decline exceeding 5%, so growth has not been linear. At 3.7% annually, dividend growth is slow, and that limits how quickly income compounds for shareholders reinvesting at current levels.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +6.9% | $1.50 (2022) | $1.83 (2025) |
| 5-Year | -3.6% | $2.20 (2020) | $1.83 (2025) |
| 10-Year | +1.2% | $1.63 (2015) | $1.83 (2025) |
MKC fits income-focused investors who want a moderate, well-covered dividend from a business selling everyday food products across global markets. The current yield of 3.41% sits above the 5-year average of 2.89%, meaning today's entry point offers more income than the historical norm. The payout ratio of 30.7% keeps the dividend well protected, but the trade-off is growth: at 3.7% annually over 15 years, income does not compound quickly. The yield classification is moderate (2-4%), which means MKC is not a high-income play. What an investor gets is a low-volatility stock with a covered dividend; what they give up is meaningful dividend acceleration.
| Payment Date | Amount per Share |
|---|---|
| 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 |
| 2024-04-05 | $0.4200 |
| Year | Total Dividends |
|---|---|
| 2026 | $0.9600 |
| 2025 | $1.8300 |
| 2024 | $1.7100 |
| 2023 | $1.5900 |
| 2022 | $1.5000 |
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