McCormick Declares $0.37 Quarterly Dividend

Rhea-AI Summary

The Board of Directors of McCormick & Company has declared a quarterly dividend of $0.37 per share, payable on July 25, 2022, to shareholders of record as of July 11, 2022. This marks a 9% increase from the previous annual dividend of $1.36 per share. Notably, this is the 98th consecutive year of dividend payments by the company. McCormick, a leader in flavor, generates over $6 billion in annual sales across 170 countries, highlighting its strong presence and commitment to providing quality products.

Positive

• Quarterly dividend declared at $0.37 per share.
• 9% increase in annualized dividend to $1.48 per share.
• 98 consecutive years of dividend payments.
• Company generates over $6 billion in annual sales.

Negative

• None.

HUNT VALLEY, Md., June 28, 2022 /PRNewswire/ -- The Board of Directors of McCormick & Company, Incorporated (NYSE:MKC) declared a quarterly dividend of $0.37 per share on its common stocks, payable July 25, 2022 to shareholders of record July 11, 2022. McCormick's current annualized dividend rate of $1.48 per share represents an increase of 9% over the annual dividend of $1.36 per share paid in fiscal year 2021.

This is the 98^th year of consecutive dividend payments by the Company.

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-declares-0-37-quarterly-dividend-301577337.html

SOURCE McCormick & Company, Incorporated

FAQ

What is the dividend amount declared by McCormick (MKC) for July 2022?

McCormick declared a quarterly dividend of $0.37 per share.

When is the payment date for McCormick's dividend in July 2022?

The dividend is payable on July 25, 2022.

What was the previous annual dividend amount before the increase?

The previous annual dividend was $1.36 per share.

How much is the annualized dividend rate for McCormick after the increase?

The annualized dividend rate is now $1.48 per share.

How many years has McCormick consistently paid dividends?

McCormick has consistently paid dividends for 98 years.