Mccormick & Co Stock Price, News & Analysis

McCormick has announced a quarterly dividend of $0.42 per share, continuing its 100-year tradition of consistent dividend payments. The dividend will be paid on July 22, 2024, to shareholders who are on record as of July 8, 2024. This declaration underscores McCormick's ongoing commitment to returning value to shareholders.

McCormick & Company has released its 2023 Purpose-led Performance (PLP) Progress Report, highlighting its advancements towards sustainability and corporate responsibility goals. Key achievements include the validation of their Net-Zero by 2050 goal, sustainable sourcing of 91% of their top five branded ingredients, and positively impacting over 44,500 smallholder farmers. The report also notes significant strides in diversity, with 45% of global leadership positions held by women and 26% of U.S. leadership roles held by ethnically diverse talent. McCormick emphasizes the alignment of these efforts with their long-term business strategies and financial performance.

McCormick & Company (NYSE: MKC) will report its 2024 second quarter financial results on June 27, 2024, at 8:00 a.m. Eastern Time. The conference call and webcast will be hosted by President & CEO Brendan Foley, CFO Mike Smith, and VP of Investor Relations Faten Freiha. A live audio webcast and presentation materials will be accessible on the McCormick website. An audio replay will be available until July 18, 2024, using conference ID 13746036 at 877-660-6853 (US) or 201-612-7415 (international).

McCormick announced the appointment of Valarie Sheppard to its Board of Directors, effective June 1, 2024. Ms. Sheppard, a retired EVP, Controller, and Treasurer of Procter & Gamble, brings over 35 years of experience in finance and accounting.

She has expertise in capital deployment, asset management, business process reengineering, acquisitions, divestitures, and compliance. Her career includes leading global finance operations in over 65 countries and integrating Gillette, P&G's largest acquisition.

Ms. Sheppard has board experience with Sovos Brands, Innovation International Acquisition , Anixter International, and Ibotta. With her appointment, McCormick's board will consist of 13 directors, 11 of whom are independent.

McCormick's President and CEO, Brendan Foley, praised her broad CPG industry knowledge as vital for the company's strategy and governance.

McCormick & Company (NYSE: MKC), a global leader in flavor, will participate in Deutsche Bank's annual dbAccess Global Consumer Conference on June 4, 2024, at 9:15 AM CEST. Representing McCormick will be President & CEO Brendan Foley and Executive Vice President & CFO Mike Smith. A live audio webcast will be available via the McCormick website, with a replay accessible post-event.

McCormick & Company awarded $105,000 in scholarships to six student-athletes during their 2024 Unsung Heroes event. Alivia White from Patapsco High School and Akintomiwa David Are from Owings Mills High School each received $40,000 Charles Perry McCormick Scholarships. Four other students received additional scholarships ranging from $5,000 to $7,500. The event celebrated 99 student-athletes for their commitment to unselfish team play. Keynote speaker Kyle Hamilton, Baltimore Ravens Safety, shared his inspiring journey during the ceremony.