McCormick Declares $0.39 Quarterly Dividend

Rhea-AI Summary

On March 29, 2023, McCormick & Company (NYSE:MKC) announced a quarterly dividend of $0.39 per share, payable on April 24, 2023, to shareholders of record as of April 10, 2023. This marks a 5% increase from the previous annual dividend of $1.48 per share in 2022, resulting in an annualized dividend rate of $1.56 per share. This declaration signifies the 99th consecutive year of dividend payments by the company, which generates over $6 billion in annual sales worldwide, delivering flavor products across 170 countries.

Positive

• Quarterly dividend increased to $0.39 per share.
• 5% raise in annualized dividend rate to $1.56 per share.
• 99th year of consecutive dividend payments.
• Over $6 billion in annual sales across 170 countries.

Negative

• None.

HUNT VALLEY, Md., March 29, 2023 /PRNewswire/ -- The Board of Directors of McCormick & Company, Incorporated (NYSE:MKC) declared a quarterly dividend of $0.39 per share on its common stocks, payable April 24, 2023 to shareholders of record April 10, 2023. McCormick's current annualized dividend rate of $1.56 per share represents an increase of 5% over the annual dividend of $1.48 per share paid in fiscal year 2022.

This is the 99^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-0-39-quarterly-dividend-301785160.html

SOURCE McCormick & Company, Incorporated

FAQ

What is the current dividend for McCormick (MKC)?

McCormick has declared a quarterly dividend of $0.39 per share.

When is the payment date for McCormick's dividend?

The dividend is payable on April 24, 2023.

What was the previous annual dividend amount for MKC?

The previous annual dividend amount was $1.48 per share.

How many consecutive years has McCormick paid dividends?

McCormick has paid dividends for 99 consecutive years.

What is McCormick's annualized dividend rate after the increase?

The annualized dividend rate is now $1.56 per share.