McCormick & Company, Incorporated (NYSE:MKC) Updates On Dividend Release Date


On 2016-06-29, McCormick & Company, Incorporated (NYSE:MKC) confirmed the dividend disbursement of $0.43 a share to shareholders as on record 2016-07-11. The firm will release dividend on 2016-07-25 while ex-dividend date is reported to be 2016-07-07.

The shareholders who will hold their stock holding till the ex-dividend date will receive payout. Last year, McCormick & Company, Incorporated (NYSE:MKC) paid a total of $0.43 per share in dividends. This figure stood at $0.43 a share in the same period a year ago indicating a deviation of 8.1081%.

Analyst Opinion The sell-side market experts layering the stock estimates have established a price target of $105.666 on the stock. This figure is the average of recommendations offered by 3 brokerages. The brokerages had set bullish as well as bearish price estimates, which stands at $113 and $100, respectively.

Taking the mathematical rating formula, the price for McCormick & Company, Incorporated (NYSE:MKC) stands at 2.67. Earnings Review McCormick & Company, Incorporated (NYSE:MKC) will report its quarterly earnings for the period ending on 2016-08-31 by 2016-09-30. For the period ending on 2016-08-31, experts are expecting EPS of $0.94.

Coming to the quarter ending on 2015-11-30, McCormick & Company, Incorporated (NYSE:MKC) recorded EPS of $0.75. The reported numbers came lower than the analysts’ estimates of $0.74, demonstrating a miss of $0.01 as against reported figures.

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