McCormick & Company (MKC) Dividend Forecast & DRIP Calculator
Project future dividend income from McCormick & Company (MKC) based on its 7.6% historical CAGR. Toggle DRIP, add monthly contributions, and set custom growth assumptions.
Results After 10 Years
Total Portfolio Value
$2,515.94151.6%
Annual Dividend Income
$120.15186.8%
Monthly Dividend Income
$10.01186.8%
Yield on Cost
12.01%
Total Return Breakdown
$2,516 (+151.6%)
Initial Investment
$1,000
39.7%
Additional Investments
$0
0.0%
Dividends
$725
28.8%
Stock Price Growth
$791
31.4%
Growth Projections
Total Portfolio Value ($)
Annual Dividend Income ($)
Monthly Dividend Income ($)
Yield on Cost (%)
Detailed Projections
Year 0
- Portfolio value
- $1,000.00
- Shares
- 20.47
- Annual DPS
- $1.8300
- Annual dividend
- $37.46
- Yield on cost
- 3.75%
- Stock price
- $48.85
- Total profit
- $0.00
Year 1
- Portfolio value
- $1,091.65
- Shares
- 21.28
- Annual DPS
- $1.9687
- Annual dividend
- $41.90
- Yield on cost
- 4.19%
- Annual investment
- $40.90
- Stock price
- $51.29
- Total profit
- $91.65
Year 2
- Portfolio value
- $1,192.84
- Shares
- 22.15
- Annual DPS
- $2.1179
- Annual dividend
- $46.91
- Yield on cost
- 4.69%
- Annual investment
- $45.76
- Stock price
- $53.86
- Total profit
- $192.84
Year 3
- Portfolio value
- $1,304.68
- Shares
- 23.07
- Annual DPS
- $2.2785
- Annual dividend
- $52.57
- Yield on cost
- 5.26%
- Annual investment
- $51.25
- Stock price
- $56.55
- Total profit
- $304.68
Year 4
- Portfolio value
- $1,428.43
- Shares
- 24.06
- Annual DPS
- $2.4512
- Annual dividend
- $58.97
- Yield on cost
- 5.90%
- Annual investment
- $57.46
- Stock price
- $59.38
- Total profit
- $428.43
Year 5
- Portfolio value
- $1,565.52
- Shares
- 25.11
- Annual DPS
- $2.6370
- Annual dividend
- $66.22
- Yield on cost
- 6.62%
- Annual investment
- $64.48
- Stock price
- $62.35
- Total profit
- $565.52
Year 6
- Portfolio value
- $1,717.57
- Shares
- 26.24
- Annual DPS
- $2.8369
- Annual dividend
- $74.43
- Yield on cost
- 7.44%
- Annual investment
- $72.43
- Stock price
- $65.46
- Total profit
- $717.57
Year 7
- Portfolio value
- $1,886.40
- Shares
- 27.44
- Annual DPS
- $3.0519
- Annual dividend
- $83.76
- Yield on cost
- 8.38%
- Annual investment
- $81.45
- Stock price
- $68.74
- Total profit
- $886.40
Year 8
- Portfolio value
- $2,074.10
- Shares
- 28.74
- Annual DPS
- $3.2832
- Annual dividend
- $94.35
- Yield on cost
- 9.44%
- Annual investment
- $91.70
- Stock price
- $72.17
- Total profit
- $1,074.10
Year 9
- Portfolio value
- $2,283.05
- Shares
- 30.13
- Annual DPS
- $3.5321
- Annual dividend
- $106.41
- Yield on cost
- 10.64%
- Annual investment
- $103.34
- Stock price
- $75.78
- Total profit
- $1,283.05
Year 10
- Portfolio value
- $2,515.94
- Shares
- 31.62
- Annual DPS
- $3.7999
- Annual dividend
- $120.15
- Yield on cost
- 12.01%
- Annual investment
- $116.60
- Stock price
- $79.57
- Total profit
- $1,515.94
| Year | Portfolio Value | Shares | Annual DPS | Annual Dividend | Yield on Cost | Annual Investment | Stock Price | Total Profit |
|---|---|---|---|---|---|---|---|---|
| 0 | $1,000.00 | 20.47 | $1.8300 | $37.46 | 3.75% | — | $48.85 | $0.00 |
| 1 | $1,091.65 | 21.28 | $1.9687 | $41.90 | 4.19% | $40.90 | $51.29 | $91.65 |
| 2 | $1,192.84 | 22.15 | $2.1179 | $46.91 | 4.69% | $45.76 | $53.86 | $192.84 |
| 3 | $1,304.68 | 23.07 | $2.2785 | $52.57 | 5.26% | $51.25 | $56.55 | $304.68 |
| 4 | $1,428.43 | 24.06 | $2.4512 | $58.97 | 5.90% | $57.46 | $59.38 | $428.43 |
| 5 | $1,565.52 | 25.11 | $2.6370 | $66.22 | 6.62% | $64.48 | $62.35 | $565.52 |
| 6 | $1,717.57 | 26.24 | $2.8369 | $74.43 | 7.44% | $72.43 | $65.46 | $717.57 |
| 7 | $1,886.40 | 27.44 | $3.0519 | $83.76 | 8.38% | $81.45 | $68.74 | $886.40 |
| 8 | $2,074.10 | 28.74 | $3.2832 | $94.35 | 9.44% | $91.70 | $72.17 | $1,074.10 |
| 9 | $2,283.05 | 30.13 | $3.5321 | $106.41 | 10.64% | $103.34 | $75.78 | $1,283.05 |
| 10 | $2,515.94 | 31.62 | $3.7999 | $120.15 | 12.01% | $116.60 | $79.57 | $1,515.94 |
Income Milestones
9
$100/year — reached in year 9Projected dividend income: DRIP vs no DRIP
Final-year advantageExtra income +$42.36 (54.5% vs no DRIP)Without DRIPWith DRIP
| Year | Without DRIP ($) | With DRIP ($) |
|---|---|---|
| 1 | 40.30 | 41.90 |
| 2 | 43.36 | 46.91 |
| 3 | 46.64 | 52.57 |
| 4 | 50.18 | 58.97 |
| 5 | 53.98 | 66.22 |
| 6 | 58.07 | 74.43 |
| 7 | 62.48 | 83.76 |
| 8 | 67.21 | 94.35 |
| 9 | 72.31 | 106.41 |
| 10 | 77.79 | 120.15 |
How much do you need?
How much do you need to invest to reach your dividend income goal?
Frequently asked questions
How much dividend income will McCormick & Company pay in 10 years?
- Based on a $1,000 investment with 7.6% annual dividend growth, McCormick & Company (MKC) could generate $120.15/year in dividend income after 10 years (with DRIP enabled).
What is McCormick & Company's projected dividend growth rate?
- McCormick & Company (MKC) has grown its dividend at a 7.6% annual rate over the past 5 years. This historical CAGR is used as the default projection but can be adjusted in the calculator.
How does DRIP work with McCormick & Company dividends?
- DRIP (Dividend Reinvestment Plan) automatically reinvests dividends into additional McCormick & Company shares. Over time, this compounds returns because you earn dividends on your reinvested dividends, significantly increasing total income.
How much do I need to invest in McCormick & Company to make $1,000/month in dividends?
- At McCormick & Company's current yield of 3.75%, you would need a lump-sum investment of approximately $320,328 to generate $1,000/month in dividends. Use the Goal Calculator above for detailed scenarios.
Are these dividend projections guaranteed?
- No. All projections are based on historical dividend growth rates and current yields. Companies can cut, suspend, or increase dividends at any time. Past performance does not guarantee future results.