McCormick Declares $0.34 Quarterly Dividend

Rhea-AI Summary

The Board of Directors of McCormick & Company (NYSE:MKC) has declared a quarterly dividend of $0.34 per share, payable on April 26, 2021. Shareholders of record by April 12, 2021 will receive this payment. This dividend reflects a 10% increase from the previous year’s annual dividend of $1.24 per share, marking the 97th year of consecutive dividend payments.

McCormick, a leader in flavor products with over $5 billion in sales, operates globally, offering various brands including McCormick, French's, and Frank's RedHot.

Positive

• Quarterly dividend of $0.34 per share declared, representing a 10% increase from $1.24 annual dividend in FY 2020.
• 97th consecutive year of dividend payments demonstrates company stability and commitment to shareholders.

Negative

• None.

HUNT VALLEY, Md., March 31, 2021 /PRNewswire/ -- The Board of Directors of McCormick & Company, Incorporated (NYSE:MKC) declared a quarterly dividend of $0.34 per share on its common stocks, payable April 26, 2021 to shareholders of record April 12, 2021. McCormick's current annualized dividend rate of $1.36 per share represents an increase of 10% over the annual dividend of $1.24 per share paid in fiscal year 2020.

This is the 97^th year of consecutive dividend payments by the Company.

About McCormick

McCormick & Company, Incorporated is a global leader in flavor. 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 (410) 527-6004 or lori_robinson@mccormick.com

View original content:http://www.prnewswire.com/news-releases/mccormick-declares-0-34-quarterly-dividend-301260046.html

SOURCE McCormick & Company, Incorporated

FAQ

What is the dividend amount declared by McCormick in 2021?

McCormick declared a quarterly dividend of $0.34 per share.

When will the dividend payment be made to shareholders of McCormick?

The dividend payment will be made on April 26, 2021, to shareholders of record by April 12, 2021.

How much has McCormick increased its dividend compared to last year?

McCormick increased its annual dividend by 10%, from $1.24 to $1.36 per share.

How many consecutive years has McCormick paid dividends?

McCormick has paid dividends for 97 consecutive years.