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McCormick & Company’s board declared an increase in the quarterly dividend from $0.28 to $0.31 per share on its common stocks, payable Jan. 13, 2012, to shareholders of record Dec. 30, 2011. This marks the 26th consecutive year that the company has increased its quarterly dividend.
Alan D. Wilson, McCormick & Company’s chairman, president and CEO, said, "Each year since 1925, McCormick shareholders have participated in the company's success through dividend payments. We are delivering high performance and in the past decade, have increased the dividend at an 11% compound annual growth rate."