McCormick Announces Increase in Quarterly Dividend

Rhea-AI Summary

McCormick & Company (NYSE:MKC) announced a quarterly dividend increase from $0.37 to $0.39 per share, effective January 9, 2023, for shareholders on record as of December 30, 2022. This marks the 37th consecutive year the company has raised its dividend. Chairman & CEO, Lawrence E. Kurzius, highlighted the company's commitment to shareholder value and its status as a Dividend Aristocrat. McCormick has distributed dividends annually since 1925, showcasing a strong track record in returning cash to shareholders.

Positive

• Dividend increased from $0.37 to $0.39 per share.
• 37th consecutive year of dividend increase.
• Strong commitment to returning cash to shareholders.

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• None.

HUNT VALLEY, Md., Nov. 29, 2022 /PRNewswire/ -- The Board of Directors of McCormick & Company, Incorporated (NYSE:MKC) today declared an increase in the quarterly dividend from $0.37 to $0.39 per share on its common stocks, payable January 9, 2023 to shareholders of record December 30, 2022. This marks the 37^th consecutive year that the Company has increased its quarterly dividend. 

Lawrence E. Kurzius, Chairman & CEO, said "Our proven strategies are designed to drive long-term profitable growth and build value for our shareholders. We are proud to be a Dividend Aristocrat and remain committed to our long history of returning cash to shareholders. I am pleased to announce another dividend increase."

McCormick has paid dividends each year since 1925.  

About McCormick

McCormick & Company, Incorporated is a global leader in flavor. With over $6 billion in annual sales across 170 countries and territories, we manufacture, market and distribute spices, seasoning mixes, condiments and other flavorful products to the entire food industry including e-commerce channels, grocery, food manufacturers and foodservice businesses. Our most popular brands with trademark registrations include McCormick, French's, Frank's RedHot, Stubb's, OLD BAY, Lawry's, Zatarain's, Ducros, Vahiné, Cholula, Schwartz, Kamis, DaQiao, Club House, Aeroplane and Gourmet Garden. Every day, no matter where or what you eat or drink, you can enjoy food flavored by McCormick.

Founded in 1889 and headquartered in Hunt Valley, Maryland USA, McCormick is guided by our principles and committed to our Purpose – To Stand Together for the Future of Flavor. McCormick envisions A World United by Flavor where healthy, sustainable and delicious go hand in hand. To learn more, visit www.mccormickcorporation.com or follow McCormick & Company on Twitter, Instagram and LinkedIn.

For information contact:

Investor Relations:
Kasey Jenkins kasey_jenkins@mccormick.com

Corporate Communications:
Lori Robinson lori_robinson@mccormick.com

View original content:https://www.prnewswire.com/news-releases/mccormick-announces-increase-in-quarterly-dividend-301689500.html

SOURCE McCormick & Company, Incorporated

FAQ

What is the new dividend amount for MKC shareholders?

The new dividend amount for MKC shareholders is $0.39 per share.

When will the dividend be paid for MKC?

The dividend will be paid on January 9, 2023.

What date do I need to be a shareholder by to receive the MKC dividend?

You need to be a shareholder by December 30, 2022, to receive the MKC dividend.

How long has McCormick been increasing its dividend?

McCormick has increased its dividend for 37 consecutive years.