McCormick Declares $0.37 Quarterly Dividend

Rhea-AI Summary

The Board of Directors of McCormick & Company declared a quarterly dividend of $0.37 per share, payable on October 25, 2022, to shareholders of record on October 11, 2022. This dividend reflects a 9% increase over the previous year, with an annualized rate of $1.48 per share. This marks the company's 98th consecutive year of paying dividends. McCormick, a leader in flavor solutions with over $6 billion in annual sales, remains committed to sustainability and delivering quality products worldwide.

Positive

• Quarterly dividend of $0.37 per share demonstrates strong financial performance.
• 9% increase in annualized dividend rate, reflecting company's growth and profitability.

Negative

• None.

HUNT VALLEY, Md., Sept. 29, 2022 /PRNewswire/ -- The Board of Directors of McCormick & Company, Incorporated (NYSE: MKC) declared a quarterly dividend of $0.37 per share on its common stocks, payable October 25, 2022 to shareholders of record October 11, 2022. McCormick's current annualized dividend rate of $1.48 per share represents an increase of 9% over the annual dividend of $1.36 per share paid in fiscal year 2021.

This is the 98^th year of consecutive dividend payments by the Company.

About McCormick

McCormick & Company, Incorporated is a global leader in flavor. With over $6 billion in annual sales across 170 countries and territories, we manufacture, market and distribute spices, seasoning mixes, condiments and other flavorful products to the entire food industry including e-commerce channels, grocery, food manufacturers and foodservice businesses. Our most popular brands with trademark registrations include McCormick, French's, Frank's RedHot, Stubb's, OLD BAY, Lawry's, Zatarain's, Ducros, Vahiné, Cholula, Schwartz, Kamis, DaQiao, Club House, Aeroplane and Gourmet Garden. Every day, no matter where or what you eat or drink, you can enjoy food flavored by McCormick.

Founded in 1889 and headquartered in Hunt Valley, Maryland USA, McCormick is guided by our principles and committed to our Purpose – To Stand Together for the Future of Flavor. McCormick envisions A World United by Flavor where healthy, sustainable and delicious go hand in hand. To learn more, visit www.mccormickcorporation.com or follow McCormick & Company on Twitter, Instagram and LinkedIn.

For information contact:

Investor Relations:                 
Kasey Jenkins - kasey_jenkins@mccormick.com

Corporate Communications:
Lori Robinson - lori_robinson@mccormick.com

View original content:https://www.prnewswire.com/news-releases/mccormick-declares-0-37-quarterly-dividend-301637298.html

SOURCE McCormick & Company, Incorporated

FAQ

What is the dividend amount declared by McCormick (MKC) in 2022?

McCormick declared a quarterly dividend of $0.37 per share.

When will the dividend be paid to shareholders of McCormick (MKC)?

The dividend will be paid on October 25, 2022.

How much was the increase in McCormick's (MKC) annual dividend compared to the previous year?

The annual dividend increased by 9%, from $1.36 to $1.48 per share.

How many consecutive years has McCormick (MKC) paid dividends?

McCormick has paid dividends for 98 consecutive years.

What was McCormick's (MKC) total annual sales figure?

McCormick reported over $6 billion in annual sales.