McCormick & Company (MKC) Dividend History & Yield
Dividend ChampionMcCormick & Company (MKC) has increased its dividend for 28 consecutive years and currently yields 3.98%. The most recent dividend was $0.4800/share on Apr 27, 2026, paid Quarterly.
Current Yield
3.98%
TTM Dividend/Share
$1.86
Payment Frequency
Quarterly
Payout Ratio
30.5%
Consecutive Growth Years
28 (Dividend Champion)
Div Growth (1Y CAGR)
7.02%
Div Growth (5Y CAGR)
7.58%
Div Growth (10Y CAGR)
8.42%
MKC: compare the "Now" marker to the 1Y / 3Y / 5Y averages on the scale. One valuation signal among many — review fundamentals before investing.
Dividend health
Chowder score
11.6%
FCF payout ratio
1.6%
Net debt / EBITDA
3.8x
Interest coverage
5.65x
ROIC (TTM)
17.2%
Dividend Safety Score
7 out of 8 checks passed
Payout ratio below 75%
Payout ratio is 30.5%, well below the 75% threshold.
Free cash flow covers dividend
FCF/share ($2.76) covers dividend/share ($1.86).
No dividend cuts in 10+ years
No dividend cuts in the last 10 years.
Positive earnings growth trend
Earnings per share have grown over the past 5 years.
10+ years of consecutive growth
28 consecutive years of dividend growth.
FCF payout ratio below 70%
FCF payout ratio is 1.6%, below the 70% threshold.
Net Debt/EBITDA below 3x
Net Debt/EBITDA is 3.8x.
Dividend growth ≤ earnings growth (5Y)
Dividend growth (7.6%) ≤ EPS growth (43.2%) — sustainable.
Per-payment dividend history
Ex-date Apr 20, 2026
- Payment date
- Apr 27, 2026
- Dividend
- $0.4800
- Adj. dividend
- $0.4800
Ex-date Dec 29, 2025
- Payment date
- Jan 12, 2026
- Dividend
- $0.4800
- Adj. dividend
- $0.4800
Ex-date Oct 14, 2025
- Payment date
- Oct 27, 2025
- Dividend
- $0.4500
- Adj. dividend
- $0.4500
Ex-date Jul 7, 2025
- Payment date
- Jul 21, 2025
- Dividend
- $0.4500
- Adj. dividend
- $0.4500
Ex-date Apr 7, 2025
- Payment date
- Apr 21, 2025
- Dividend
- $0.4500
- Adj. dividend
- $0.4500
Ex-date Dec 30, 2024
- Payment date
- Jan 13, 2025
- Dividend
- $0.4500
- Adj. dividend
- $0.4500
Ex-date Oct 7, 2024
- Payment date
- Oct 21, 2024
- Dividend
- $0.4200
- Adj. dividend
- $0.4200
Ex-date Jul 8, 2024
- Payment date
- Jul 22, 2024
- Dividend
- $0.4200
- Adj. dividend
- $0.4200
Ex-date Apr 5, 2024
- Payment date
- Apr 22, 2024
- Dividend
- $0.4200
- Adj. dividend
- $0.4200
Ex-date Dec 28, 2023
- Payment date
- Jan 8, 2024
- Dividend
- $0.4200
- Adj. dividend
- $0.4200
Ex-date Oct 6, 2023
- Payment date
- Oct 24, 2023
- Dividend
- $0.3900
- Adj. dividend
- $0.3900
Ex-date Jul 7, 2023
- Payment date
- Jul 24, 2023
- Dividend
- $0.3900
- Adj. dividend
- $0.3900
| Ex-Date | Payment Date | Dividend | Adj. Dividend |
|---|---|---|---|
| Apr 20, 2026 | Apr 27, 2026 | $0.4800 | $0.4800 |
| Dec 29, 2025 | Jan 12, 2026 | $0.4800 | $0.4800 |
| Oct 14, 2025 | Oct 27, 2025 | $0.4500 | $0.4500 |
| Jul 7, 2025 | Jul 21, 2025 | $0.4500 | $0.4500 |
| Apr 7, 2025 | Apr 21, 2025 | $0.4500 | $0.4500 |
| Dec 30, 2024 | Jan 13, 2025 | $0.4500 | $0.4500 |
| Oct 7, 2024 | Oct 21, 2024 | $0.4200 | $0.4200 |
| Jul 8, 2024 | Jul 22, 2024 | $0.4200 | $0.4200 |
| Apr 5, 2024 | Apr 22, 2024 | $0.4200 | $0.4200 |
| Dec 28, 2023 | Jan 8, 2024 | $0.4200 | $0.4200 |
| Oct 6, 2023 | Oct 24, 2023 | $0.3900 | $0.3900 |
| Jul 7, 2023 | Jul 24, 2023 | $0.3900 | $0.3900 |
Historical Dividend Yield
Dividend Growth
Dividend Increase Track Record
McCormick & Company has raised its total annual dividend (split-adjusted, by ex-dividend calendar year) versus the prior year for 28 consecutive years — the same figure as the "Consecutive Growth Years" card above.
| Year | Previous DPS | New DPS | Change |
|---|---|---|---|
| 2026 | $1.8300 | — | — |
| 2025 | $1.7100 | $1.8300 | +7.0% |
| 2024 | $1.5900 | $1.7100 | +7.5% |
| 2023 | $1.5000 | $1.5900 | +6.0% |
| 2022 | $1.3900 | $1.5000 | +7.9% |
| 2021 | $1.2700 | $1.3900 | +9.4% |
| 2020 | $1.1650 | $1.2700 | +9.0% |
| 2019 | $1.0650 | $1.1650 | +9.4% |
| 2018 | $0.9650 | $1.0650 | +10.4% |
| 2017 | $0.8800 | $0.9650 | +9.7% |
| 2016 | $0.8150 | $0.8800 | +8.0% |
| 2015 | $0.7550 | $0.8150 | +7.9% |
| 2014 | $0.6950 | $0.7550 | +8.6% |
| 2013 | $0.6350 | $0.6950 | +9.4% |
| 2012 | $0.5750 | $0.6350 | +10.4% |
| 2011 | $0.5300 | $0.5750 | +8.5% |
| 2010 | $0.4900 | $0.5300 | +8.2% |
| 2009 | $0.4500 | $0.4900 | +8.9% |
| 2008 | $0.4100 | $0.4500 | +9.8% |
| 2007 | $0.3700 | $0.4100 | +10.8% |
| 2006 | $0.3300 | $0.3700 | +12.1% |
| 2005 | $0.2900 | $0.3300 | +13.8% |
| 2004 | $0.2450 | $0.2900 | +18.4% |
| 2003 | $0.2125 | $0.2450 | +15.3% |
| 2002 | $0.2025 | $0.2125 | +4.9% |
| 2001 | $0.1925 | $0.2025 | +5.2% |
| 2000 | $0.1750 | $0.1925 | +10.0% |
| 1999 | $0.1625 | $0.1750 | +7.7% |
| 1998 | $0.1900 | $0.1625 | -14.5% |
| 1997 | $0.1425 | $0.1900 | +33.3% |
| 1996 | $0.1325 | $0.1425 | +7.5% |
| 1995 | $0.1075 | $0.1325 | +23.3% |
| 1994 | $0.1125 | $0.1075 | -4.4% |
| 1993 | $0.1000 | $0.1125 | +12.5% |
| 1992 | $0.0763 | $0.1000 | +31.1% |
| 1991 | $0.0600 | $0.0763 | +27.1% |
| 1990 | $0.0462 | $0.0600 | +29.7% |
| 1989 | $0.0353 | $0.0462 | +31.0% |
| 1988 | $0.0313 | $0.0353 | +13.0% |
| 1987 | $0.0285 | $0.0313 | +9.6% |
| 1986 | $0.0276 | $0.0285 | +3.3% |
| 1985 | — | $0.0276 | — |
DPS sums split-adjusted amounts (adj. dividend) by ex-dividend calendar year—the same basis as the Adj. Dividend column in Dividend Payment History. The Dividend column can differ after stock splits. This table uses four decimals per annual total so the Change column matches the shown amounts; each payment row in Dividend Payment History also uses four.
Cash dividends paid (USD) — TTM and history
Trailing-twelve-month and annual common dividends paid for McCormick & Company (MKC) from the consolidated cash flow statement, in USD as filed.
Latest period
$376.20M
YoY change
+7.1%
5Y CAGR
+7.9%
Peak year (2025)
$483.00M
Latest annual
$483.00M
Cash dividends paid over time for McCormick & Company (MKC)
Per-period cash dividends paid
Cash dividends paid annual + quarterly history for McCormick & Company (MKC)
| Fiscal year | Period ended | Reported | Dividends Paid | YoY | YoY change |
|---|---|---|---|---|---|
| 2025 | $483.00M | +7.1% | +$32.00M | ||
| 2024 | $451.00M | +7.8% | +$32.50M | ||
| 2023 | $418.50M | +5.5% | +$21.80M | ||
| 2022 | $396.70M | +9.2% | +$33.40M | ||
| 2021 | $363.30M | +10.1% | +$33.20M | ||
| 2020 | $330.10M | +9.2% | +$27.90M | ||
| 2019 | $302.20M | +10.5% | +$28.80M | ||
| 2018 | $273.40M | +15.1% | +$35.80M | ||
| 2017 | $237.60M | +9.1% | +$19.80M | ||
| 2016 | $217.80M | +6.3% | +$12.90M | ||
| 2015 | $204.90M | +6.5% | +$12.50M | ||
| 2014 | $192.40M | +6.9% | +$12.50M | ||
| 2013 | $179.90M | +9.2% | +$15.20M | ||
| 2012 | $164.70M | +10.9% | +$16.20M | ||
| 2011 | $148.50M | +7.5% | +$10.30M | ||
| 2010 | $138.20M | +10.2% | +$12.80M | ||
| 2009 | $125.40M | +10.5% | +$11.90M | ||
| 2008 | $113.50M | +9.6% | +$9.90M | ||
| 2007 | $103.60M | +9.1% | +$8.60M | ||
| 2006 | $95.00M | +10.2% | +$8.80M | ||
| 2005 | $86.20M | +12.1% | +$9.30M | ||
| 2004 | $76.90M | +20.0% | +$12.80M | ||
| 2003 | $64.10M | +9.4% | +$5.50M | ||
| 2002 | $58.60M | +6.4% | +$3.50M | ||
| 2001 | $55.10M | +5.4% | +$2.80M | ||
| 2000 | $52.30M | +7.4% | +$3.60M | ||
| 1999 | $48.70M | +3.8% | +$1.80M | ||
| 1998 | $46.90M | +3.1% | +$1.40M | ||
| 1997 | $45.50M | +0.4% | +$200,000 | ||
| 1996 | $45.30M | +7.3% | +$3.10M | ||
| 1995 | $42.20M | +8.2% | +$3.20M | ||
| 1994 | $39.00M | +9.6% | +$3.40M | ||
| 1993 | $35.60M | +17.1% | +$5.20M | ||
| 1992 | $30.40M | +35.7% | +$8.00M | ||
| 1991 | $22.40M | +19.8% | +$3.70M | ||
| 1990 | $18.70M | +28.1% | +$4.10M | ||
| 1989 | $14.60M | — | — |
As of the 2025 fiscal year, McCormick & Company (MKC) reported dividends paid of $483.00M – grew 7.1% year-over-year.
Looking at the 2020–2025 (5 years) stretch, McCormick & Company dividends paid compounded at +7.9% per year, sustaining 36 straight years of year-over-year growth.
The highest annual dividends paid of $483.00M was reported in 2025. The lowest in the available history was $14.60M in 1989.
McCormick & Company (MKC) sits 8th of 8 Consumer Defensive peers we track on this metric, against a peer median of $7.57B.
McCormick & Company Dividends Paid 2025: $483.00M
McCormick & Company dividends paid in 2025 was $483.00M, grew 7.1% from 2024. This figure represents the highest annual value in the available history.
McCormick & Company Dividends Paid 2024: $451.00M
McCormick & Company dividends paid in 2024 was $451.00M, grew 7.8% from 2023.
McCormick & Company Dividends Paid 2023: $418.50M
McCormick & Company dividends paid in 2023 was $418.50M, grew 5.5% from 2022.
McCormick & Company Dividends Paid 2022: $396.70M
McCormick & Company dividends paid in 2022 was $396.70M, grew 9.2% from 2021.
McCormick & Company Dividends Paid 2021: $363.30M
McCormick & Company dividends paid in 2021 was $363.30M.
See more financial history for McCormick & Company (MKC).
Sector peers by dividends paid
Companies in the same sector as McCormick & Company, ranked by their latest dividends paid.
| Company | Dividends Paid | Sector |
|---|---|---|
| Procter & Gamble (PG) | $9.87B | Consumer Defensive |
| Coca-Cola (KO) | $8.78B | Consumer Defensive |
| Philip Morris International (PM) | $8.62B | Consumer Defensive |
| PepsiCo (PEP) | $7.64B | Consumer Defensive |
| Walmart (WMT) | $7.51B | Consumer Defensive |
| Altria Group (MO) | $6.96B | Consumer Defensive |
| Costco (COST) | $2.18B | Consumer Defensive |
| Monster Beverage (MNST) | $0 | Consumer Defensive |
Frequently asked questions
Does McCormick & Company pay dividends?
Yes, McCormick & Company (MKC) pays quarterly dividends of approximately $1.86 per share annually, yielding 3.98%.
What is McCormick & Company's dividend yield?
McCormick & Company (MKC) has a current dividend yield of 3.98%.
Is McCormick & Company's dividend safe?
McCormick & Company (MKC) passes 7 out of 8 dividend safety checks. See the detailed breakdown above for each criterion.
How many consecutive years has McCormick & Company increased its dividend?
McCormick & Company (MKC) has 28 consecutive years of dividend increases.
What is McCormick & Company's dividend payout ratio?
McCormick & Company (MKC) has a dividend payout ratio of 30.5%. Trailing twelve months (GAAP): adjusted dividends over roughly 12 months aligned with the latest reported quarter, divided by the sum of diluted EPS from the last four fiscal quarters (not NII or taxable income for BDCs/REITs).
What is McCormick & Company's dividends paid?
Latest reported dividends paid for McCormick & Company (MKC) is $376.20M (period ending February 28, 2026).
How has McCormick & Company dividends paid changed year-over-year?
McCormick & Company (MKC) dividends paid changed +7.1% year-over-year on the latest annual filing.
What is the long-term growth rate of McCormick & Company dividends paid?
McCormick & Company (MKC) dividends paid compound annual growth rate is +7.9% over the most recent 5 years available.
When did McCormick & Company dividends paid hit its highest annual value?
McCormick & Company dividends paid reached its highest annual value of $483.00M in 2025.
What was McCormick & Company dividends paid in 2024?
McCormick & Company (MKC) dividends paid in 2024 was $451.00M.
What was McCormick & Company dividends paid in 2025?
McCormick & Company (MKC) dividends paid in 2025 was $483.00M.
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