McCormick Declares $0.34 Quarterly Dividend

Rhea-AI Summary

On June 29, 2021, McCormick & Company (NYSE:MKC) announced a quarterly dividend of $0.34 per share, payable on July 26, 2021, to shareholders of record by July 12, 2021. This dividend marks a 10% increase from the previous annual dividend of $1.24 per share. Notably, this announcement celebrates the company's 97th consecutive year of dividend payments. McCormick, a global leader in flavor, reported over $5 billion in annual sales across 160 countries.

Positive

• 10% increase in quarterly dividend, enhancing shareholder income.
• 97 consecutive years of dividend payments, demonstrating company stability.

Negative

• None.

HUNT VALLEY, Md., June 29, 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 July 26, 2021 to shareholders of record July 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-301322468.html

SOURCE McCormick & Company, Incorporated

FAQ

What is the latest dividend declared by McCormick (MKC)?

McCormick declared a quarterly dividend of $0.34 per share.

When will McCormick's dividend be paid?

The dividend will be paid on July 26, 2021.

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

The annual dividend rate before the increase was $1.24 per share.

How long has McCormick been paying dividends?

McCormick has been paying dividends for 97 consecutive years.

What percentage increase does the latest dividend represent?

The latest dividend represents a 10% increase over the previous year's dividend.