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NEW YORK - McCormick & Company, Incorporated (NYSE:MKC) announced Tuesday it will pay a quarterly dividend of $0.45 per share on its common stocks on October 27, 2025, to shareholders of record as of October 14, 2025.
The dividend declaration marks the 101st consecutive year of dividend payments by the global flavor company, according to a press release statement. InvestingPro data shows McCormick has raised its dividend for 39 consecutive years, demonstrating strong commitment to shareholder returns.
McCormick, headquartered in Hunt Valley, Maryland, operates in two segments - Consumer and Flavor Solutions. The company manufactures and distributes herbs, spices, seasonings, condiments and flavors across 150 countries and territories.
The company reported annual sales exceeding $6.7 billion and maintains a portfolio of brands including McCormick, French’s, Frank’s RedHot, Stubb’s, OLD BAY, Lawry’s, Zatarain’s, and Cholula, among others.
Founded in 1889, McCormick has established a long-standing tradition of returning value to shareholders through its dividend program, which has now continued uninterrupted for more than a century.
In other recent news, McCormick & Company is set to increase its ownership stake in its Mexican joint venture with Grupo Herdez from 50% to 75%, investing $750 million in the process. This transaction, expected to close in early 2026, will be financed through a combination of cash and debt. The acquisition represents an estimated 12 times the 2025 EBITDA and annual recurring management fees. JPMorgan has upgraded McCormick’s stock to Overweight, raising its price target to $83.00, citing growth prospects and an attractive entry point following a recent share pullback. Meanwhile, TD Cowen has reiterated its Buy rating with an $82.00 price target, viewing the increased stake as a positive capital deployment. On the other hand, UBS has lowered its price target on McCormick to $79.00, maintaining a Neutral rating due to concerns about headwinds in the Flavor Solutions segment and tariff uncertainties. These developments reflect diverse analyst perspectives on McCormick’s strategic moves and market conditions.
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