McCormick Announces Increase in Quarterly Dividend

SPARKS, Md.--(BUSINESS WIRE)--Nov. 27, 2007--The Board of Directors of McCormick & Company, Incorporated (NYSE:MKC) today declared a 10% increase in the quarterly dividend from $0.20 to $0.22 per share on its common stocks, payable January 18, 2008 to shareholders of record December 28, 2007.

Said Robert J. Lawless, Chairman & CEO, "In 2007, we have made great progress with our key growth initiatives and our restructuring program. As a result, both sales and profits are on track with our financial goals, and we expect 2007 to be a record year for the Company.

"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 2008, 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 21 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.

CONTACT: McCormick & Company, Incorporated
John McCormick, 410-771-7110

SOURCE: McCormick & Company, Incorporated