McCormick & Company, Incorporated
MKC31 yrs growthConsumer Defensive · Stock · quarterly payer
Forward Yield
3.57%
Annual Dividend
$1.92
Payout Ratio
31%
5-Yr Growth
7.6%
Ex-Date
Jul 6, 2026
Frequency
Quarterly
Summary
As of September 2026, McCormick & Company, Incorporated (MKC) yields 3.57% ($1.92 per share annually), with a blended fair-value estimate of $90.43 — +63% upside, so it screens as undervalued. Dividend safety grade: A (90/100). 31 years of dividend growth.
Is MKC a good dividend stock?
YesMcCormick & Company, Incorporated (MKC) pays a quarterly dividend yielding 3.57% ($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 (31%)
- 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
- 3.57%
- Payout Ratio
- 31%
- Annual Dividend
- $1.92
- 5-Yr Avg Growth
- 7.6%
- Ex-Dividend Date
- Jul 6, 2026
- Years of Growth
- 31
- Frequency
- quarterly
- Beta
- 0.63
- Market Cap
- $14.1B
- P/E Ratio
- 8.7
- 5-Yr Total Return
- -32%
- 52-Week Range
- $44.82 – $72.41
- Dividend Safety
- A · 90/100
- Ever Cut?
- No
Frequently Asked Questions
MKC Price — Last 12 Months
Daily close
Price Return
1 Year
-17%
3 Years
-27%
5 Years
-32%
52-Week Range
$44.82 – $72.41
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is MKC worth?
Undervaluedmedium confidenceOur blended fair-value estimate for McCormick & Company, Incorporated is $90.43 per share, versus a market price of $55.33. That implies 63% of upside — a margin of safety of about 39%.
Fair Value
$90.43
Current Price
$55.33
Upside
+63%
Margin of Safety
39%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 5.5% annual free-cash-flow growth. We model 10.4% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.4% discount rate (CAPM), 10.4% stage-1 growth, 2.5% terminal growth, $6.10 EPS, $1.92 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
MKC Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jul 6, 2026 | — | $0.4800 | regular |
| Apr 20, 2026 | — | $0.4800 | regular |
| Dec 29, 2025 | — | $0.4800 | regular |
| Oct 14, 2025 | — | $0.4500 | regular |
| Jul 7, 2025 | — | $0.4500 | regular |
| Apr 7, 2025 | — | $0.4500 | regular |
| Dec 30, 2024 | — | $0.4500 | regular |
| Oct 7, 2024 | — | $0.4200 | regular |
| Jul 8, 2024 | — | $0.4200 | regular |
| Apr 5, 2024 | — | $0.4200 | regular |
| Dec 28, 2023 | — | $0.4200 | regular |
| Oct 6, 2023 | — | $0.3900 | regular |
| Jul 7, 2023 | — | $0.3900 | regular |
| Apr 6, 2023 | — | $0.3900 | regular |
Income Calculator
At $1.92 / yr per share
