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EX-Dividend Schedule: McCormick & Co. Has Paid Dividend for 94 Consecutive Years; Will Trade Ex-Dividend on July 06, 2018

LONDON,UK / ACCESSWIRE / July 6, 2018 / Active-Investors has a free reviewon McCormick & Co., Inc. (NYSE: MKC) following the Company's announcementthat it will begin trading ex-dividend on July 06, 2018. To capture thedividend payout, investors must purchase the stock a day prior to the ex-dividenddate that is by latest at the end of the trading session on July 05, 2018.Active-Investors has initiated due-diligence on this dividend stock. Registerwith us for more free research including the one on MKC:

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Dividend Declared

On June 26, 2018,McCormick's Board of Directors declared a quarterly dividend of $0.52 per shareon its common stocks payable July 23, 2018, to shareholders of record on July09, 2018. McCormick's current annualized dividend rate of $2.08 per share representsan increase of 11% over the annual dividend of $1.88 per share paid in fiscalyear 2017.

McCormick's indicateddividend represents a yield of 1.80%, which is higher than the average dividendyield of 1.75% for the Consumer Goods sector. This is the 94th yearof consecutive dividend payments by the Company.

Dividend Insights

McCormick has a dividendpayout ratio of 42.1%, which indicates that the Company spends approximately$0.42 for dividend distribution out of every $1.00 earned. The dividend payoutratio reflects how much amount a company is returning to shareholders versushow much money it is keeping on hand to reinvest in growth, to pay off debt,and/or to add to its cash reserves.

According to analysts'estimates, McCormick is forecasted to report earnings of $5.40 per share forthe next year, which is more than double compared to the Company's annualizeddividend payout of $2.08 per share.

As of May 31, 2018,McCormick's cash and cash equivalents totaled $202.6 million compared to $130.7million as on May 31, 2017. The Company continues to generate strong cashflow. McCormick's net cash provided by operating activities through Q2FY18 was $235 million compared to $177 million through Q2 FY17. The Company'sstrong financial position indicates its ability to absorb any fluctuations inearnings and cash flow and to sustain the dividend distribution for a longperiod.

Earnings Update

On June 28, 2018,McCormick reported a 19% sales increaseto $785.4 million in Q2 FY18compared to $656.4 million in Q2 FY17, including a 3% favorable impact fromcurrency.

During Q2 FY18,McCormick's gross profit margin increased 340 basis points (bps) to $575.2 million.The Company's operating income was $192 million in the reported quartercompared to $133 million in the year ago same period.

For Q2 FY18, McCormickreported earnings of $0.93 per share compared to earnings of $0.79 per share inQ2 FY17. The Company's reported quarter transaction and integration expenses aswell as special charges decreased earnings by $0.09 per share in the reportedquarter. Excluding these impacts, McCormick's adjusted earnings was $1.02 pershare in Q2 FY18 compared to $0.82 per share in Q2 FY17.

About McCormick & Co., Inc.

McCormick & Co. is aglobal leader in flavor. With $4.8 billion in annual sales, the Companymanufactures, markets, and distributes spices, seasoning mixes, condiments, andother flavorful products to the entire food industry – retail outlets, foodmanufacturers, and foodservice businesses.

McCormick & Co. wasfounded in 1889 and is based in Sparks, Maryland.

StockPerformance Snapshot

July05, 2018 - At Thursday'sclosing bell, McCormick's stock climbed 2.36%, ending the trading session at$118.03.

Volumetraded for the day: 1.04 million shares.

Afteryesterday's close, McCormick's market cap was at $15.51 billion.

Thestock has a dividend yield of 1.76%.

Thestock is part of the Consumer Goods sector, categorized under the Processed andPackaged Goods industry. This sector was up 1.0% at the end of the session.

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