Dividend Growth of McCormick & Company, Incorporated(MKC)

McCormick & Companyorporated(MKC) is having a Dividend Yield of 1.94% with the Annual cash Dividend per share of $1.72. The last quarter cash dividend per share pay out was $0.43. McCormick & Companyorporated has a 5 year average dividend yield of 2.02% and the stock has a Indicated annual dividend of $1.88. McCormick & Companyorporated(MKC) formally announced its most recent dividend on November 30, 2016 with a Dividend per share of $0.47. The new indicated annual dividend based on announced dividend per share is $1.88. The dividend yield based on the forward looking indicated annual dividend is 1.94%. McCormick & Companyorporated(MKC) has the most recent dividend payout ratio of 0.45 with a 5-year average payout ratio of 0.45. The 5 year historical dividend growth of McCormick & Companyorporated(MKC) is at the rate of 8.18% while the R-Squared dividend growth is 0.96. If the value of R-Square is close to one, it indicates a perfect fit and the higher value conforms to the regression line while data close to zero indicates the opposite.

McCormick & Company, Incorporated (NYSE:MKC) witnessed a decline in the market cap on Thursday as its shares dropped 0.62% or 0.6 points. After the session commenced at $96.73, the stock reached the higher end at $97.5 while it hit a low of $95.88. With the volume soaring to 888,693 shares, the last trade was called at $96.44. The company has a 52-week high of $107.84. The company has a market cap of $12,073 million and there are 125,189,491 shares in outstanding. The 52-week low of the share price is $88.64. McCormick & Company, Incorporated has dropped 0.63% in the last five trading days, however, the shares have posted positive gains of 3.63% in the last 4 weeks. McCormick & Company, Incorporated is up 5.29% in the last 3-month period. Year-to-Date the stock performance stands at 3.33%.

Currently the company Insiders own 13.7% of McCormick & Company, Incorporated shares according to the proxy statements. Institutional Investors own 72.99% of McCormick & Company, Incorporated shares. During last six month period, the net percent change held by insiders has seen a change of -20.51%. Company has reported several Insider transactions to the SEC, on Feb 2, 2017, Michael D Mangan (director) sold 5,000 shares at 95.09 per share price.On Oct 13, 2016, Freeman A Iii Hrabowski (director) sold 2,000 shares at 94.13 per share price.On Jul 14, 2016, Gordon Mckenzie Jr Stetz (Executive Vice President & CFO) sold 38,900 shares at 105.17 per share price.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.McCormick & Company Incorporated was Initiated by Deutsche Bank on Feb 15, 2017 to Hold, Price Target of the shares are set at $102.

McCormick & Company Incorporated Last issued its quarterly earnings results on Jan 25, 2017. The company reported $1.27 EPS for the quarter, missing the analyst consensus estimate by $ -0.01. Analyst had a consensus of $1.28. The company had revenue of $1227.00 million for the quarter, compared to analysts expectations of $1234.74 million. The companys revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.18 EPS.

McCormick & Company, a diversified specialty food company, is a global leader in the manufacture, marketing and distribution of spices, herbs, seasonings, flavorings and other specialty food products to the entire food industry. The company also, through subsidiary corporations, manufactures and markets specialty plastic bottles and tubes for food, personal care and other industries. The company operates in three business segments: consumer; industrial; and packaging.


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