McCormick Announces Increase in Quarterly Dividend

SPARKS, Md., Nov 28, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- The Board of Directors of McCormick & Company, Incorporated (NYSE: MKC) today declared an 11% increase in the quarterly dividend from $0.18 to $0.20 per share on its common stocks, payable January 19, 2007 to shareholders of record December 29, 2006.

Said Robert J. Lawless, Chairman, President & CEO, "In 2006 we have rebounded from a challenging 2005 fiscal year. Our financial results through the first three quarters have exceeded our expectations and the stock price has risen 20% in the past 12 months.

"Dividends are an important way to build value for our shareholders. As we grow the business, we continue to be committed to increasing the dividend. As we look ahead to 2007, we anticipate continued success and outstanding returns for our shareholders."

McCormick has paid dividends every year since 1925 and has increased the dividend in each of the last 20 years.

About McCormick:

McCormick & Company, Incorporated is the global leader in the manufacture, marketing and distribution of spices, seasonings and flavors to the entire food industry - to foodservice and food manufacturers as well as to retail outlets.

SOURCE
McCormick & Company, Incorporated

CONTACTS:
McCormick & Company Corporate Communications
+1-410-771-7110