McCormick Announces Increase in Quarterly Dividend

Nov 24, 2015, 16:18 ET from McCormick & Company, Incorporated

SPARKS, Md., Nov. 24, 2015 /PRNewswire/ -- The Board of Directors of McCormick & Company, Incorporated (NYSE: MKC) today declared an increase in the quarterly dividend from $0.40 to $0.43 per share on its common stocks, payable January 15, 2016 to shareholders of record December 31, 2015.  This marks the 30th consecutive year that the Company has increased its quarterly dividend.  At $0.43, the quarterly dividend is double the amount paid in 2007.

Alan D. Wilson, Chairman & CEO, said, "Our business at McCormick is profitable and generates strong cash flow.  We are committed to returning a portion of this cash to McCormick shareholders through our dividend program.  This commitment to building shareholder value is demonstrated by our proud history of higher dividend payments."

McCormick has paid dividends each year since 1925.  

About McCormick

McCormick & Company, Incorporated is a global leader in flavor. With $4.2 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 Passion to Flavor™.

For more information, visit www.mccormickcorporation.com.

For information contact:

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

Investor Relations:  Joyce Brooks (410) 771-7244 or joyce_brooks@mccormick.com

 

SOURCE McCormick & Company, Incorporated



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http://www.mccormickcorporation.com