November 24, 2009 at 5:29 PM EST
McCormick Announces Increase in Quarterly Dividend
SPARKS, Md.--(BUSINESS WIRE)--Nov. 24, 2009--
The Board of Directors of McCormick & Company, Incorporated (NYSE:MKC)
today declared an 8.3% increase in the quarterly dividend from $0.24 to
$0.26 per share on its common stocks, payable January 15, 2010 to
shareholders of record December 31, 2009. This marks the 24th
consecutive year that the Company has increased its quarterly dividend.
Said Alan D. Wilson, Chairman, President & CEO, “This dividend increase
allows McCormick shareholders to continue to benefit from our success as
we have increased cash from operations through higher profits and
effective working capital management.”
McCormick has paid dividends every year since 1925 and tripled the
dividend in the last 10 years.
About McCormick & Company, Incorporated
McCormick & Company, Incorporated is a global leader in the manufacture,
marketing and distribution of spices, seasonings, specialty foods and
flavors to the entire food industry – retail outlets, food manufacturers
and food service businesses.
Source: McCormick & Company, Incorporated
McCormick & Company, Incorporated
Corporate
Communications:
John McCormick, 410-771-7110
john_mccormick@mccormick.com