McCormick & Company (MKC) will raise its quarterly dividend by 8.8 percent to $0.37 per share. The dividend will be increased from $0.34 to $0.37 quarterly, resulting in a new dividend yield of 2.1% based on the annual amount. This marks the 28th consecutive year of dividend increases for McCormick.

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.