HUNT VALLEY, Md.,
Nov. 19,
2024 /PRNewswire/ -- The Board of Directors of
McCormick & Company, Incorporated (NYSE: MKC) today declared an
increase in the quarterly dividend from $0.42 to $0.45 per
share on its common stocks, payable January
13, 2025 to shareholders of record December 30, 2024. This marks the Company's 101st
year of continuous dividend payments and the 39th consecutive year
it has increased its quarterly dividend.
Brendan M. Foley, President &
CEO, said "McCormick is a growth company. We are committed to
advancing our leadership and our differentiation and creating
long-term shareholder value. We are proud to be recognized as a
Dividend Aristocrat and I am honored to announce another dividend
increase which reflects our ongoing commitment to returning cash to
shareholders."
McCormick has paid dividends each year since 1925 and is
recognized as a member of the S&P 500 Dividend Aristocrats
Index.
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
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SOURCE McCormick & Company, Incorporated