Shares of McCormick & Company, Incorporated (MKC) will begin trading ex-dividend on Thursday, April 6. To qualify for a dividend check, investors must have owned McCormick shares prior to Thursday, which is the last day the company's management will finalize its roster of shareholders to whom it will mail payments. 

McCormick stock closed Monday at $98.15, up 0.62%. The shares have risen 5.18% year to date, including a 4.88% returns in the past three months. This compares with a 5% year-to-date rise in the S&P 500 index (SPX). McCormick stock has declined 2.36% over the past twelve months, while the S&P 500 has risen 13.5%.

In its fiscal first-quarter earnings results, reported in March, the Sparks, MD.-based company beat Wall Street estimates on earnings per share and missed on revenue. The company reported an adjusted earnings of 76 cents per share, which beat analysts' projections of 1 cent. First quarter revenue of $1.04 billion grew 1% year over year, missing Wall Street estimates by $20 million.

Looking ahead, for the fiscal second quarter ending May, McCormick is expected to deliver 76 cents per share, up from 75 cents a year ago, on revenue of $1.1 billion, up 3.2% year over year. For the full year, ending September, earnings are projected to rise 7.67% year over year to $4.07 per share, while revenue of $4.56 billion would mark a 3.4% rise year over year.

Based on Monday's closing price of $98.15, McCormick's 47-cent per share quarterly dividend yields 1.93% annually, or about 7 basis points below the 2.00% average yield of the S&P 500 index. McCormick will send its dividend payment on April 24 to shareholders of record as of April 10. The stock has a consensus Hold rating and an average analyst 12-month price target of $100, implying potential returns of 1.88% from current levels. (See also: 6 Common Misconceptions About Dividends.)

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