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Data last updated: Jul 13, 2026
Snapshot (as of Jul 13, 2026): McCormick & Company, Incorporated (MKC) pays a $1.89 annual dividend ($0.48 quarterly), yielding 3.60% at $52.45/share. Next ex-dividend date 2026-07-06. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 3.60%
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 has been a fixture for income investors built on the back of everyday pantry staples: spices, hot sauces, and seasoning mixes sold under brands like Frank's RedHot, OLD BAY, and French's. MKC currently pays a 3.6% dividend yield, with a trailing annual rate of $1.89 per share paid quarterly. The next ex-dividend date is July 6, 2026. A beta of 0.626 points to below-average price volatility, which suits income-focused investors who prioritize steadiness over swings.
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 company keeps substantial room to maintain payments even if profits dip, supported by demand for everyday flavor products like spices, condiments, and seasoning blends that consumers buy regardless of economic conditions. McCormick & Company, Incorporated dividend safety faces its most credible pressure from the cost side: as a manufacturer sourcing agricultural commodities globally, input cost spikes can compress margins and tighten the cushion the payout ratio currently reflects.
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 span (2026 is a partial year and excluded from the CAGR calculation). The largest annual increase in the window was 10.4% in 2012, while the data also contains at least one year-over-year decline exceeding 5%, so growth has not been perfectly linear. At 3.7% annually, the pace keeps income roughly in line with inflation but does not meaningfully accelerate purchasing power for income investors.
| 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 stock fits income-focused investors who want a moderate, well-covered dividend from a business anchored in everyday consumer spending on spices, sauces, and flavor products. The current yield of 3.6% sits above the 5-year average of 3.06%, meaning buyers today are locking in a yield that is above MKC's own recent norm. The yield classification is moderate (2–4%), so this is not a high-income play. What investors get is a conservative 30.7% payout ratio that leaves the dividend with meaningful breathing room. The trade-off is growth: at 3.7% annually over 15 years, dividend increases are gradual, and that limits how fast income compounds.
| 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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