McCormick Declares $0.42 Quarterly Dividend

Rhea-AI Summary

McCormick & Company (NYSE:MKC) has declared a quarterly dividend of $0.42 per share on its common stocks. The dividend will be payable on October 21, 2024 to shareholders of record as of October 7, 2024. This announcement marks a significant milestone for the company, as it represents the 100th year of consecutive dividend payments.

The declaration of this dividend demonstrates McCormick's commitment to providing consistent returns to its shareholders and highlights the company's long-standing financial stability. The continuation of dividend payments for a century underscores McCormick's resilience and ability to generate consistent cash flow over an extended period.

Positive

• Declared quarterly dividend of $0.42 per share
• 100th consecutive year of dividend payments
• Demonstrates long-term financial stability and shareholder commitment

Negative

• None.

News Market Reaction – MKC

-0.45%

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-0.45% News Effect

On the day this news was published, MKC declined 0.45%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

HUNT VALLEY, Md., Sept. 24, 2024 /PRNewswire/ -- The Board of Directors of McCormick & Company, Incorporated (NYSE:MKC) declared a quarterly dividend of $0.42 per share on its common stocks, payable October 21, 2024 to shareholders of record October 7, 2024.

This is the 100^th year of consecutive dividend payments by the Company.

About McCormick 
McCormick & Company, Incorporated is a global leader in flavor. With over $6.5 billion in annual sales across 150 countries and territories, we manufacture, market, and distribute herbs, spices, seasonings, condiments and flavors to the entire food and beverage industry including retailers, 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, Gourmet Garden, FONA and Giotti. The breadth and reach of our portfolio uniquely position us to capitalize on the consumer demand for flavor in every sip and bite, through our products and our customers' products. We operate in two segments, Consumer and Flavor Solutions, which complement each other and reinforce our differentiation. The scale, insights, and technology that we leverage from both segments are meaningful in driving sustainable growth.

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 Instagram and LinkedIn.

For information contact:

Investor Relations:
Faten Freiha - faten_freiha@mccormick.com

Global Communications:
Lori Robinson - lori_robinson@mccormick.com

View original content:https://www.prnewswire.com/news-releases/mccormick-declares-0-42-quarterly-dividend-302257680.html

SOURCE McCormick & Company, Incorporated

FAQ

What is the amount of McCormick's (MKC) quarterly dividend for 2024?

McCormick (MKC) has declared a quarterly dividend of $0.42 per share for 2024.

When will McCormick (MKC) pay its latest quarterly dividend?

McCormick (MKC) will pay its latest quarterly dividend on October 21, 2024.

What is the record date for McCormick's (MKC) October 2024 dividend?

The record date for McCormick's (MKC) October 2024 dividend is October 7, 2024.

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

McCormick (MKC) has paid dividends for 100 consecutive years as of 2024.