MKC - How To Earn $500 A Month From McCormick Following Weaker-Than-Expected Sales | Benzinga
McCormick & Company, Incorporated (NYSE: MKC) on Tuesday reported weaker-than-expected sales for its third quarter.
The company posted third-quarter FY23 sales growth of 6% year-on-year to $1.684 billion, missing the analyst consensus estimate of $1.70 billion. Adjusted EPS of $0.65 was in line with the consensus estimate.
McCormick reaffirmed FY23 revenue growth guidance of 5%-7%. The company raised FY23 adjusted EPS outlook to $2.62-$2.67 from $2.60-$2.65.
With the buzz around McCormick following quarterly results, some investors may be eyeing potential gains from the company’s dividends. As of now, McCormick offers an annual dividend yield of 2.28%, which is a quarterly dividend amount of 39 cents per share ($1.56 a year).
So, how can investors exploit its dividend ...