McCormick raises dividend for 30th consecutive year

McCormick (MKC) will raise its dividend by 7.5%.

The quarterly dividend will be raised to $0.43 per share, marking 30 consecutive years of dividend increases by Dividend Aristocrat McCormick.

Alan D. Wilson, Chairman & CEO, said, "Our business at McCormick is profitable and generates strong cash flow. We are committed to returning a portion of this cash to McCormick shareholders through our dividend program. This commitment to building shareholder value is demonstrated by our proud history of higher dividend payments."

The indicated dividend yield for McCormick is 2% based on Tuesday's closing price of $85.28.

Source: McCormick

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