McCormick & Company, Incorporated (MKC) To Go Ex-Dividend on October 13th

McCormick & Company, Incorporated (NYSE:MKC – Get Free Report) announced a quarterly dividend on Thursday, September 24th. Stockholders of record on Tuesday, October 13th will be paid a dividend of $0.48 per share on Monday, October 26th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Tuesday, October 13th.

McCormick & Company, Incorporated has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 38 consecutive years. McCormick & Company, Incorporated has a payout ratio of 57.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect McCormick & Company, Incorporated to earn $3.29 per share next year, which means the company should continue to be able to cover its $1.92 annual dividend with an expected future payout ratio of 58.4%.

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McCormick & Company, Incorporated Trading Up 0.2%

Shares of MKC opened at $47.90 on Friday. McCormick & Company, Incorporated has a fifty-two week low of $44.82 and a fifty-two week high of $72.41. The firm has a market cap of $12.88 billion, a price-to-earnings ratio of 7.97, a PEG ratio of 1.93 and a beta of 0.64. The firm has a 50 day moving average price of $52.23 and a 200-day moving average price of $51.24. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.39 and a current ratio of 0.78.

McCormick & Company, Incorporated (NYSE:MKC – Get Free Report) last released its earnings results on Thursday, June 25th. The company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.69 by $0.11. The company had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.91 billion. McCormick & Company, Incorporated had a net margin of 21.91% and a return on equity of 12.78%. The firm’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.69 EPS. As a group, equities research analysts forecast that McCormick & Company, Incorporated will post 3.08 earnings per share for the current year.

About McCormick & Company, Incorporated

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McCormick & Company, Incorporated (NYSE:MKC) is a global food company that manufactures, markets and distributes spices, herbs, seasonings, condiments, sauces and other flavoring products. Its portfolio serves both retail consumers and foodservice customers, while its flavor solutions business supplies seasoning blends, natural flavors and other ingredients to food manufacturers and restaurant operators.

The company’s consumer brands include McCormick, French’s, Frank’s RedHot, Lawry’s, Old Bay and Gourmet Garden, among others.

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