As per McCormick & Company, Incorporated (NYSE:MKC)’s news release on 2016-06-29, its shareholders will get cash dividend of $0.43 per share. The recent press release updated on the record date and payout date, which stands at 2016-07-11 and 2016-07-25, respectively.
The stock will commence trading ex-dividend from 2016-07-07, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year McCormick & Company, Incorporated (NYSE:MKC) disbursed $0.43 in dividend compared to distribution of $0.43, a year ago.
It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 8.1081%.
The sell-side market professionals who track the firm’s financial and technical parameters have estimated McCormick & Company, Incorporated (NYSE:MKC) to attain a price target of $105.666. It is an average estimate figure given by 3 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $113. The low price range is set at $100 for next year while the arithmetic mean is seen at 2.67.
Eyeing Earnings McCormick & Company, Incorporated (NYSE:MKC) is likely to post quarterly numbers around 2016-09-30 for the quarter ending 2016-08-31. The quarterly EPS projection is set at $0.94 for the period ending on 2016-08-31.
In last quarter ended 2015-11-30, McCormick & Company, Incorporated (NYSE:MKC) earnings came at $0.75 suggesting a deviation of $0.01. The brokerages targeted EPS of $0.74 for the quarter.
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