Dividend Capture Strategy: 15 High Yield Stocks to Buy in April

10. McCormick & Company, Incorporated (NYSE:MKC)

Ex-Dividend Date: April 7

Dividend Yield as of March 30: 2.21%

McCormick & Company, Incorporated (NYSE:MKC) is an American food company, headquartered in Maryland. The company deals in flavoring products used in a wide variety of beverages. The company’s business is divided into two main segments: Consumer and Flavor Solutions. The Consumer segment, which serves households directly, benefits from higher profit margins. Meanwhile, the Flavor Solutions segment supplies flavors to food manufacturers and food service providers. Although this division operates with lower profitability, it plays a crucial role in driving long-term revenue growth. In recent years, McCormick has prioritized expanding its brand portfolio and reinforcing its presence in global markets. Since the start of 2025, the stock has delivered a 7.35% return to shareholders.

In the first quarter of 2025, McCormick & Company, Incorporated (NYSE:MKC) reported revenue of $1.6 billion, which grew by nearly 1% from the same period last year. However, the revenue missed analysts’ estimates by $8.6 million. The company reported an operating income of $225 million, down from $234 million in the same period the previous year. On an adjusted basis, operating income stood at $225 million, compared to $238 million a year earlier. Its net income of $162.3 million also declined by 2.2% from the prior-year period.

Despite reporting losses on various fronts, McCormick & Company, Incorporated (NYSE:MKC)’s cash position remained somehow stable. The company ended the quarter with $103 million available in cash and cash equivalents and generated $115.5 million in operating cash flow. Due to this cash position, the company is recognized as a strong dividend payer, with 39 consecutive years of dividend growth under its belt. Currently, it pays a quarterly dividend of $0.45 per share for a dividend yield of 2.21%, as of March 30.