McCormick Declares $0.62 Quarterly Dividend

Rhea-AI Summary

McCormick & Company (NYSE: MKC) announced a quarterly dividend of $0.62 per share, payable on July 20, 2020, to shareholders recorded by July 6, 2020. This reflects a 9% increase from the previous annual dividend of $2.28 per share. McCormick has a strong history of consistent dividends, marking its 96th year of consecutive payments. The company reported $5.3 billion in annual sales, specializing in spices, seasoning mixes, and condiments.

Positive

• Quarterly dividend declared at $0.62 per share.
• 9% dividend increase over last year's rate.
• 96 consecutive years of dividend payments.
• $5.3 billion in annual sales indicates robust market presence.

Negative

• None.

HUNT VALLEY, Md., June 23, 2020 /PRNewswire/ -- The Board of Directors of McCormick & Company, Incorporated (NYSE: MKC) today declared a quarterly dividend of $0.62 per share on its common stocks, payable July 20, 2020 to shareholders of record July 6, 2020.  McCormick's current annualized dividend rate of $2.48 per share represents an increase of 9% over the annual dividend of $2.28 per share paid in fiscal year 2019.

This is the 96^th year of consecutive dividend payments by the Company.

About McCormick

McCormick & Company, Incorporated is a global leader in flavor.  With $5.3 billion in annual sales, the company manufactures, markets and distributes spices, seasoning mixes, condiments and other flavorful products to the entire food industry – retail outlets, food manufacturers and foodservice businesses.  Every day, no matter where or what you eat, you can enjoy food flavored by McCormick.  McCormick Brings the Joy of Flavor to Life™.

For more information, visit www.mccormickcorporation.com.

For information contact:

Corporate Communications: 
Lori Robinson (410) 527-6004 or lori_robinson@mccormick.com

Investor Relations: 
Kasey Jenkins (410) 771-7140 or kasey_jenkins@mccormick.com

 

View original content:http://www.prnewswire.com/news-releases/mccormick-declares-0-62-quarterly-dividend-301082358.html

SOURCE McCormick & Company, Inc.

FAQ

What is the dividend amount declared by McCormick (MKC) in June 2020?

McCormick declared a quarterly dividend of $0.62 per share.

When is the dividend payment date for McCormick (MKC)?

The dividend is payable on July 20, 2020.

What percentage increase does the recent dividend represent for McCormick (MKC)?

The recent dividend represents a 9% increase over last year's annual dividend.

How long has McCormick (MKC) been paying dividends?

McCormick has been paying dividends for 96 consecutive years.