SPARKS, Md., Nov. 28, 2017 /PRNewswire/ -- The Board of Directors of McCormick & Company, Incorporated (NYSE:MKC) today declared an increase in the quarterly dividend from $0.47 to $0.52 per share on its common stocks, payable January 16, 2018 to shareholders of record December 29, 2017. This marks the 32nd consecutive year that the Company has increased its quarterly dividend. At $0.52, the quarterly dividend is double the amount paid in 2010.
Lawrence E. Kurzius, Chairman, President & CEO, said, "Our steadfast focus on growth, performance and people is resulting in strong sales and profit performance and generating strong cash flow. We are committed to our dividend program and I'm delighted to announce another dividend increase for our shareholders."
McCormick has paid dividends each year since 1925.
McCormick & Company, Incorporated is a global leader in flavor. With $4.4 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:
Lori Robinson (410) 527-6004 or email@example.com
Kasey Jenkins (410) 771-7140 or firstname.lastname@example.org
View original content:http://www.prnewswire.com/news-releases/mccormick-announces-increase-in-quarterly-dividend-300563086.html
SOURCE McCormick & Company, Incorporated