McCormick Hikes Dividend By 8.8%

by Shivani Kumaresan, Benzinga Staff Writer

December 1, 2021 7:54 AM | 28 seconds read | Make a Comment

McCormick & Co MKC Board of Directors declared an 8.8% increase in the quarterly dividend from $0.34 to $0.37 per share on its common stock.
The dividend is payable on January 10, 2022, to shareholders of record on December 31, 2021.
The company held $312.6 million in cash and equivalents as of August 31, 2021.
Price Action: MKC shares closed lower by 1.34% at $85.82 on Tuesday.

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