McCormick & Company (MKC) will raise its quarterly dividend to $0.47 per share. The new dividend is payable January 17, 2017 to shareholders of record December 30, 2016.  This marks the 31st consecutive year that the Company has increased its quarterly dividend.  At $0.47, the quarterly dividend is more than double the amount paid in 2007.

Lawrence E. Kurzius, President & CEO, said, "Our strategies for growth are driving increases in sales and profit, and generating strong cash flow.  We are committed to our dividend program, and during the past three fiscal years, we returned more than $1 billion of cash to McCormick shareholders through dividends and share repurchases."

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.