McCormick & Company (MKC) will raise its quarterly dividend by 10.7 percent to 31 cents per share. This follows a 2 cent per share dividend increase to 28 cents per share quarterly by the food company last year.

McCormick & Company, Incorporated manufactures, markets and distributes spices, seasoning mixes, condiments and other flavorful products to the entire food industry – retail outlets, food manufacturers and foodservice businesses. The company's brands include Aeroplane, Billy Bee, Brand Aromatics, Cattlemen's, Club House, Drogheria & Alimentari, Ducros, El Guapo, Frank's Redhot, French's and Giotti. McCormick has paid dividends each year since 1925.