Dividend Aristocrat McCormick (MKC) will raise its quarterly dividend by 10.6 percent to $0.52 per share in the fourth quarter of 2017. The new dividend yield for MKC is 2.0%.

The increased dividend will be paid on January 16, 2018 to shareholders of record on December 29, 2017.

Lawrence E. Kurzius, Chairman, President & CEO, said, "Our steadfast focus on growth, performance and people is resulting in strong sales and profit performance and generating strong cash flow.  We are committed to our dividend program and I'm delighted to announce another dividend increase for our shareholders."

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.