McCormick & Company, Incorporated

MKC31 yrs growth

Consumer Defensive · Packaged Foods · Stock · quarterly payer

$47.97

Undervalued · +63% Add to Portfolio

Forward Yield

4.00%

Annual Dividend

$1.92

Payout Ratio

34%

5-Yr Growth

7.6%

Ex-Date

Oct 13, 2026

Frequency

Quarterly

Key facts about MKC's dividend

Data as of Oct 27, 2026 · Source: SmarterDividends data

As of Oct 27, 2026, McCormick & Company, Incorporated (MKC) has a forward dividend yield of 4.00%, based on an annual dividend of $1.92 per share and a share price of $47.97.
As of Oct 27, 2026, MKC's dividend safety grade from SmarterDividends is A (90 out of 100), which rates the dividend as very safe.
By SmarterDividends' count, McCormick & Company, Incorporated (MKC) has raised its dividend for 31 consecutive years as of Oct 27, 2026, which makes it a Dividend Aristocrat by the 25-year definition.
MKC has never cut its regular dividend in the payment history SmarterDividends has on record.
MKC's most recent ex-dividend date was Oct 13, 2026, for a dividend of $0.48 per share.
As of Oct 27, 2026, MKC pays out 34% of its trailing 12-month earnings as dividends (its payout ratio).
MKC's dividend has grown at an average rate of 7.6% a year over the past five years.
As of Oct 27, 2026, MKC's 4.00% yield is 98% above its five-year average yield of 2.02%.
As of Oct 27, 2026, SmarterDividends' blended fair-value estimate for MKC is $78.04 per share, 63% above the $47.97 share price, so MKC screens as undervalued.
McCormick & Company, Incorporated (MKC) pays its dividend quarterly, 4 times a year.
McCormick & Company, Incorporated (MKC) has raised its regular dividend 44 times and cut it 0 times across the 160 payments on record since 1986. Its most recent change was a 6.7% increase to $0.480 per share, going ex-dividend on Dec 29, 2025.
McCormick & (MKC) has declared its first higher dividend of the year in November in 5 of the last 5 years; its most recent raise, 6.7%, was declared on Nov 18, 2025.

Cite this page

SmarterDividends, "MKC Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 27, 2026, https://smarterdividends.com/stocks/MKC

Summary

As of Oct 27, 2026, McCormick & Company, Incorporated (MKC) yields 4.00% ($1.92 a year per share), has a dividend safety grade of A (90/100) and has 31 consecutive years of dividend increases on record.

Is MKC a good dividend stock?

Yes

McCormick & Company, Incorporated (MKC) pays a quarterly dividend yielding 4.00% ($1.92/yr), with 31 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.

Advantages

Dividend Aristocrat — 31 consecutive years of growth
Never cut its dividend on record
Comfortable payout ratio (34%)
Strong 7.6% 5-yr dividend growth
Top-tier dividend safety score

Risks

Share price is down over the past 5 years

Key Data

Dividend Yield: 4.00%
Payout Ratio: 34%
Annual Dividend: $1.92
5-Yr Avg Growth: 7.6%
Ex-Dividend Date: Oct 13, 2026
Years of Growth: 31
Frequency: quarterly
Beta: 0.64
Market Cap: $12.9B
P/E Ratio: 8.7
5-Yr Total Return: -44%
52-Week Range: $43.25 – $72.41
Dividend Safety: A · 90/100
Ever Cut?: No

MKC dividend raises and cuts

McCormick & Company, Incorporated (MKC) has raised its regular dividend 44 times and cut it 0 times across the 160 payments on record since 1986. Its most recent change was a 6.7% increase to $0.480 per share, going ex-dividend on Dec 29, 2025.

Ex-date	Change	Old → new	Move
Dec 29, 2025	Raise	$0.450 → $0.480	+6.7%
Dec 30, 2024	Raise	$0.420 → $0.450	+7.1%
Dec 28, 2023	Raise	$0.390 → $0.420	+7.7%
Dec 29, 2022	Raise	$0.370 → $0.390	+5.4%
Dec 30, 2021	Raise	$0.340 → $0.370	+8.8%
Dec 30, 2020	Raise	$0.310 → $0.340	+9.7%
Dec 30, 2019	Raise	$0.285 → $0.310	+8.8%
Dec 28, 2018	Raise	$0.260 → $0.285	+9.6%
Dec 28, 2017	Raise	$0.235 → $0.260	+10.6%
Dec 28, 2016	Raise	$0.215 → $0.235	+9.3%
Dec 29, 2015	Raise	$0.200 → $0.215	+7.5%
Dec 29, 2014	Raise	$0.185 → $0.200	+8.1%

Show all 44 changes since 1988

Ex-date	Change	Old → new	Move
Dec 27, 2013	Raise	$0.170 → $0.185	+8.8%
Dec 27, 2012	Raise	$0.155 → $0.170	+9.7%
Dec 28, 2011	Raise	$0.140 → $0.155	+10.7%
Dec 29, 2010	Raise	$0.130 → $0.140	+7.7%
Dec 29, 2009	Raise	$0.120 → $0.130	+8.3%
Dec 29, 2008	Raise	$0.110 → $0.120	+9.1%
Dec 26, 2007	Raise	$0.100 → $0.110	+10.0%
Dec 27, 2006	Raise	$0.0900 → $0.100	+11.1%
Dec 28, 2005	Raise	$0.0800 → $0.0900	+12.5%
Dec 29, 2004	Raise	$0.0700 → $0.0800	+14.3%
Dec 29, 2003	Raise	$0.0600 → $0.0700	+16.7%
Jul 2, 2003	Raise	$0.0550 → $0.0600	+9.1%
Dec 26, 2002	Raise	$0.0525 → $0.0550	+4.8%
Dec 27, 2001	Raise	$0.0500 → $0.0525	+5.0%
Dec 27, 2000	Raise	$0.0475 → $0.0500	+5.3%
Dec 29, 1999	Raise	$0.0425 → $0.0475	+11.8%
Dec 29, 1998	Raise	$0.0400 → $0.0425	+6.3%
Dec 29, 1997	Raise	$0.0375 → $0.0400	+6.7%
Dec 27, 1996	Raise	$0.0350 → $0.0375	+7.1%
Dec 27, 1995	Raise	$0.0325 → $0.0350	+7.7%
Dec 23, 1994	Raise	$0.0300 → $0.0325	+8.3%
Dec 27, 1993	Raise	$0.0275 → $0.0300	+9.1%
Dec 24, 1992	Raise	$0.0250 → $0.0275	+10.0%
Jun 24, 1992	Raise	$0.0225 → $0.0250	+11.1%
Dec 24, 1991	Raise	$0.0188 → $0.0225	+20.0%
Jun 24, 1991	Raise	$0.0163 → $0.0188	+15.4%
Dec 21, 1990	Raise	$0.0150 → $0.0163	+8.3%
Jun 25, 1990	Raise	$0.0138 → $0.0150	+9.1%
Mar 27, 1990	Raise	$0.0113 → $0.0138	+22.2%
Jun 26, 1989	Raise	$0.0100 → $0.0113	+12.5%
Dec 21, 1988	Raise	$0.0088 → $0.0100	+14.3%
Jun 17, 1988	Raise	$0.0078 → $0.0088	+12.0%

Every MKC payment →Download every raise and cut (CSV)

MKC ex-dividend date & scheduleNext ex-date Oct 13, 2026 · full ex-dividend historyView →MKC dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is MKC a good dividend stock?

Yes. McCormick & Company, Incorporated (MKC) pays a quarterly dividend yielding 4.00% ($1.92/yr), with 31 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.

Is MKC undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, MKC's fair value is about $78.04 versus a $47.97 share price — so it looks undervalued (+63% vs. fair value).

Is MKC's dividend safe?

MKC has a dividend-safety grade of A (90/100), based on its payout coverage, free-cash-flow, 31-year growth streak, a clean no-cut history, debt and yield-versus-history.

What is MKC's fair value?

Our blended fair-value estimate for MKC is about $78.04 per share, roughly 63% above the current $47.97 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is MKC a buy, hold, or sell?

We don't issue formal ratings, but on the data MKC screens as "yes" and undervalued. McCormick & Company, Incorporated (MKC) pays a quarterly dividend yielding 4.00% ($1.92/yr), with 31 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.

Will MKC cut its dividend?

MKC earns a dividend-safety grade of A (90/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does MKC pay a dividend?

Yes. McCormick & Company, Incorporated pays a quarterly dividend of about $1.92 per share annually, a forward yield of roughly 4.00%.

What is MKC's dividend yield?

As of Oct 27, 2026, MKC's forward dividend yield is 4.00%, based on a $1.92 annual dividend and a $47.97 share price.

What is MKC's dividend per share?

As of Oct 27, 2026, MKC pays $1.92 per share per year, distributed on a quarterly basis.

What is MKC's dividend payout ratio?

As of Oct 27, 2026, MKC's payout ratio is 34% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

How many years has MKC grown its dividend?

As of Oct 27, 2026, MKC has increased its dividend for 31 consecutive years.

When is the next MKC ex-dividend date?

As of Oct 27, 2026, MKC's next ex-dividend date hasn't been announced. The most recent was Oct 13, 2026, for $0.48 per share.

Dividend Growth

Total dividends per share by year

Dividend History

Full MKC dividend history →

Ex-Date	Pay Date	Amount	Type
Oct 13, 2026	Oct 26, 2026	$0.4800	regular
Jul 6, 2026	Jul 20, 2026	$0.4800	regular
Apr 20, 2026	Apr 27, 2026	$0.4800	regular
Dec 29, 2025	Jan 12, 2026	$0.4800	regular
Oct 14, 2025	Oct 27, 2025	$0.4500	regular
Jul 7, 2025	Jul 21, 2025	$0.4500	regular
Apr 7, 2025	Apr 21, 2025	$0.4500	regular
Dec 30, 2024	Jan 13, 2025	$0.4500	regular
Oct 7, 2024	Oct 21, 2024	$0.4200	regular
Jul 8, 2024	Jul 22, 2024	$0.4200	regular
Apr 5, 2024	Apr 22, 2024	$0.4200	regular
Dec 28, 2023	Jan 8, 2024	$0.4200	regular
Oct 6, 2023	Oct 24, 2023	$0.3900	regular
Jul 7, 2023	Jul 24, 2023	$0.3900	regular