McCormick & Co: Dividend Insights
Portfolio Pulse from Benzinga Insights
McCormick & Co (NYSE:MKC) has announced a quarterly dividend of 39 cents per share, payable on July 24, 2023. The stock will go ex-dividend on Friday, meaning it will trade lower to reflect the payout. Shareholders owning the stock by the end of Thursday's session will be eligible for the dividend.
July 04, 2023 | 2:46 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
McCormick & Co's announcement of a 39 cents per share dividend may lead to a short-term decrease in the stock price as it goes ex-dividend. However, this is a regular part of the dividend process and not indicative of the company's performance.
When a stock goes ex-dividend, it typically trades lower to reflect the payout, which is why a short-term decrease in MKC's stock price is expected. However, this is a standard part of the dividend process and does not reflect negatively on the company's overall performance or value.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100