McCormick Declares $0.34 Quarterly Dividend

Rhea-AI Summary

McCormick & Company (NYSE: MKC) announced a quarterly dividend of $0.34 per share, payable on October 26, 2021, to shareholders of record on October 12, 2021. This reflects a 10% increase from the previous annual dividend of $1.24 paid in fiscal year 2020, resulting in a current annualized dividend rate of $1.36. This marks McCormick's 97th consecutive year of dividend payments, underpinning its commitment to returning value to shareholders.

Positive

• Quarterly dividend declared at $0.34 per share.
• 10% increase in annualized dividend rate to $1.36.
• 97th consecutive year of dividend payments.

Negative

• None.

HUNT VALLEY, Md., Sept. 28, 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 October 26, 2021 to shareholders of record October 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. 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

View original content:https://www.prnewswire.com/news-releases/mccormick-declares-0-34-quarterly-dividend-301387210.html

SOURCE McCormick & Company, Incorporated

FAQ

What is the dividend amount declared by McCormick (MKC) for Q4 2021?

McCormick declared a quarterly dividend of $0.34 per share.

When is the payment date for McCormick's declared dividend?

The dividend is payable on October 26, 2021.

What was the previous annual dividend rate for McCormick (MKC) before the increase?

The previous annual dividend rate was $1.24 per share.

How long has McCormick been paying dividends?

McCormick has paid dividends for 97 consecutive years.

What is the current annualized dividend rate for McCormick (MKC)?

The current annualized dividend rate is $1.36 per share.