McCormick Announces Increase in Quarterly Dividend

Rhea-AI Summary

McCormick & Company (NYSE: MKC) has announced a quarterly dividend increase from $0.34 to $0.37 per share, effective January 10, 2022. This marks the company's 36th consecutive year of dividend increases, and the dividend amount is now double what was paid in 2014. The record date for this dividend is December 31, 2021. McCormick has a long history of paying dividends, having done so since 1925, showcasing its commitment to returning value to shareholders.

Positive

• Quarterly dividend increased from $0.34 to $0.37 per share.
• 36th consecutive year of dividend increases.
• Dividend is double the value paid in 2014.

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• None.

HUNT VALLEY, Md., Nov. 30, 2021 /PRNewswire/ -- The Board of Directors of McCormick & Company, Incorporated (NYSE:MKC) today declared an increase in the quarterly dividend from $0.34 to $0.37 per share on its common stocks, payable January 10, 2022 to shareholders of record December 31, 2021. This marks the 36^th consecutive year that the Company has increased its quarterly dividend. At $0.37, the quarterly dividend is double the amount paid in 2014. 

Lawrence E. Kurzius, Chairman, President & CEO, said "Our focus on growth is relentless as we continue to drive McCormick forward and further build value for all of our shareholders. We are proud to be a Dividend Aristocrat and remain committed to our long history of returning cash to shareholders. I am delighted to announce another dividend increase."  

McCormick has paid dividends each year since 1925.  

About McCormick

McCormick & Company, Incorporated is a global leader in flavor.  As a Fortune 500 company with over $5 billion in annual sales across 160 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 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:

Corporate Communications: 
Lori Robinson lori_robinson@mccormick.com

Investor Relations:
Kasey Jenkins kasey_jenkins@mccormick.com

View original content:https://www.prnewswire.com/news-releases/mccormick-announces-increase-in-quarterly-dividend-301434466.html

SOURCE McCormick & Company, Incorporated

FAQ

What is the new dividend amount for McCormick (MKC)?

The new dividend amount for McCormick is $0.37 per share.

When will the new dividend for McCormick (MKC) be paid?

The new dividend will be paid on January 10, 2022.

What is the record date for McCormick's dividend (MKC)?

The record date for the dividend is December 31, 2021.

How many consecutive years has McCormick (MKC) increased its dividend?

McCormick has increased its dividend for 36 consecutive years.

How does the new dividend compare to past dividends for McCormick (MKC)?

The new dividend of $0.37 is double the amount paid in 2014.