McCormick & Company (MKC) will raise its quarterly dividend by 7.5 percent to $0.43 per share, marking 30 years of dividend increases. This follows an 8.1 percent dividend hike by the company in the previous 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.