- McCormick (NYSE:MKC) declares $0.57/share quarterly dividend, 9.6% increase from prior dividend of $0.52.
- Forward yield 1.55%
- Payable Jan. 14; for shareholders of record Dec. 31; ex-div Dec. 28.
The Board of Directors of McCormick & Company,
Incorporated (NYSE: MKC) today declared an increase in the quarterly dividend
from $0.52 to $0.57 per share on its common stocks, payable January 14, 2019 to
shareholders of record December 31, 2018.
This marks the 33rd consecutive year that the Company has increased its
quarterly dividend. At $0.57, the
quarterly dividend is double the amount paid in 2011.
Lawrence E. Kurzius, Chairman, President & CEO, said,
"Our strategic emphasis on growth, performance and people is the key to
our excellent performance. We are
committed to our long history of returning cash to shareholders and I'm proud
to announce another dividend increase."
McCormick has paid dividends each year since 1925.
For more information, visit www.mccormickcorporation.com
According to the list of U.S. Dividend Champions, McCormick
is a Dividend Champions. MKC has a 32-year dividend, raising streak.
Dividend
Growth Rates
|
|||
DGR
|
DGR
|
DGR
|
DGR
|
1-yr
|
3-yr
|
5-yr
|
10-yr
|
9.3
|
8.3
|
8.7
|
8.9
|
Dividend Yield Chart:
McCormick & Co Inc stock dividend yield is close to
10-year low.
Payout Ratio:
This is the historical payout ratio of McCormick & Co
Inc. If payout ratio is close to or higher than 100%, dividends might not be
sustainable.
Comments
Post a Comment