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McCormick Announces Increase in Quarterly Dividend
Related Quotes
| Symbol | Price | Change |
|---|---|---|
| MKC | 35.85 | +0.29 |
SPARKS, Md.--(BUSINESS WIRE)--The Board of Directors of McCormick & Company, Incorporated (NYSE:MKC - News) today declared an 8.3% increase in the quarterly dividend from $0.24 to $0.26 per share on its common stocks, payable January 15, 2010 to shareholders of record December 31, 2009. This marks the 24th consecutive year that the Company has increased its quarterly dividend.
Said Alan D. Wilson, Chairman, President & CEO, “This dividend increase allows McCormick shareholders to continue to benefit from our success as we have increased cash from operations through higher profits and effective working capital management.”
McCormick has paid dividends every year since 1925 and tripled the dividend in the last 10 years.
About McCormick & Company, Incorporated
McCormick & Company, Incorporated is a global leader in the manufacture, marketing and distribution of spices, seasonings, specialty foods and flavors to the entire food industry – retail outlets, food manufacturers and food service businesses.
Contact:
McCormick & Company, Incorporated
Corporate Communications:
John McCormick, 410-771-7110
john_mccormick@mccormick.com
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