McCormick & Co. (MKC) Raises Quarterly Dividend 9.3% to $0.47; 2% Yield

November 29, 2016 4:15 PM EST

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McCormick & Co. (NYSE: MKC) declared a quarterly dividend of $0.47 per share, or $1.88 annualized. This is a 9.3% increase from the prior dividend of $0.43.

The dividend will be payable on January 17, 2017, to stockholders of record on December 30, 2016, with an ex-dividend date of December 28, 2016.

The annual yield on the dividend is 2 percent.

Lawrence E. Kurzius, President & CEO, said, "Our strategies for growth are driving increases in sales and profit, and generating strong cash flow. We are committed to our dividend program, and during the past three fiscal years, we returned more than $1 billion of cash to McCormick shareholders through dividends and share repurchases."

McCormick has paid dividends each year since 1925.

For a dividend history and other dividend-related data on McCormick & Co. (MKC) click here.

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