McCormick Declares $0.62 Quarterly Dividend

Rhea-AI Summary

McCormick & Company, Incorporated (NYSE:MKC) has declared a quarterly dividend of $0.62 per share, payable on October 19, 2020 to shareholders recorded by October 5, 2020. This marks a 9% increase from last year's annual dividend of $2.28, bringing the current annualized rate to $2.48 per share. This declaration marks the 96th consecutive year of dividend payments by the company, which operates with over $5 billion in annual sales across 150 countries, offering various popular brands.

Positive

• Quarterly dividend of $0.62 per share declared.
• 9% increase in annualized dividend rate to $2.48.
• 96th year of consecutive dividend payments.

Negative

• None.

News Market Reaction – MKC

-3.59%

1 alert

-3.59% News Effect

On the day this news was published, MKC declined 3.59%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

HUNT VALLEY, Md., Sept. 22, 2020 /PRNewswire/ -- The Board of Directors of McCormick & Company, Incorporated (NYSE:MKC) today declared a quarterly dividend of $0.62 per share on its common stocks, payable October 19, 2020 to shareholders of record October 5, 2020.  McCormick's current annualized dividend rate of $2.48 per share represents an increase of 9% over the annual dividend of $2.28 per share paid in fiscal year 2019.

This is the 96^th year of consecutive dividend payments by the Company.

About McCormick
McCormick & Company, Incorporated is a global leader in flavor.  With over $5 billion in annual sales across 150 countries and territories, we manufacture, market and distribute spices, seasoning mixes, condiments and other flavorful products to the entire food industry including ecommerce channels, grocery, food manufacturers and foodservice businesses.  Our most popular brands include McCormick, French's, Frank's RedHot, Stubb's, OLD BAY, Lawry's, Zatarain's, Ducros, Vahiné, Schwartz, Kamis, Kohinoor, 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:

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

View original content:http://www.prnewswire.com/news-releases/mccormick-declares-0-62-quarterly-dividend-301136113.html

SOURCE McCormick & Company, Incorporated

FAQ

What is the current dividend for McCormick (MKC)?

The current quarterly dividend for McCormick (MKC) is $0.62 per share.

When is the McCormick dividend payment date?

The dividend payment date for McCormick is October 19, 2020.

How much has McCormick increased its dividend this year?

McCormick has increased its annual dividend by 9% from $2.28 to $2.48 per share.

How many consecutive years has McCormick paid dividends?

McCormick has paid dividends for 96 consecutive years.