The board of directors of Hunt Valley-based McCormick & Company Inc. declared a quarterly dividend of $0.37 per share on its common stocks, payable Oct. 25 to shareholders of record Oct. 11.
McCormick’s current annualized dividend rate of $1.48 per share represents an increase of 9% over the annual dividend of $1.36 per share paid in fiscal year 2021.
This is the 98th year of consecutive dividend payments by the company.
With more than $6 billion in annual sales across 170 countries and territories, McCormick manufactures, markets and distributes spices, seasoning mixes, condiments and other flavorful products to the food industry, including e-commerce channels, grocery, food manufacturers and foodservice businesses. Its 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 and Gourmet Garden.