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McCormick & Co.'s board has declared an increase in the quarterly dividend from 34 cents to 37 cents a share on its common stock, payable Jan. 14, 2014 to shareholders of record Dec. 31, 2013.
This marks the 28th consecutive year that the company has increased its quarterly dividend.
"We are pleased to share our success with McCormick shareholders through our dividend payments, which will total $180 million in 2013," said Alan D. Wilson, president and CEO. "In the past five years, McCormick has increased dividends paid by nearly 60% and has paid dividends each year since 1925."