McCormick & Company (MKC) will hike its quarterly dividend from $0.31 to $0.34 per share on its common stocks, payable January 14, 2013 to shareholders of record December 31, 2012.  This marks the 27th consecutive year that the company has increased its quarterly dividend.

Alan D. Wilson, Chairman, President & 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 a 12% compound annual growth rate.

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.