McCormick & Company, Incorporated (NYSE:MKC) will release earnings results for its third quarter, before the opening bell on Tuesday, Oct. 1.
Analysts expect the Hunt Valley, Maryland-based company to report quarterly earnings at 67 cents per share, up from 65 cents per share in the year-ago period. McCormick is projected to post quarterly revenue of $1.67 billion, according to Benzinga Pro.
With the recent buzz around McCormick, some investors may be eyeing potential gains from the company's dividends. As of now, McCormick has a dividend yield of 2.02%. That’s a quarterly dividend of 42 cents a share ($1.68 a year).
To earn $500 monthly from McCormick, start with the yearly target of $6,000 ($500 x 12 months).
Next, we take this amount and divide it by McCormick's $1.68 dividend: ...
