Dallas, Texas 11/27/2013 (Financialstrend) – McCormick & Company, Incorporated (NYSE:MKC) board of directors declared their 28th consecutive dividend announcing $0.37 quarterly dividend, increasing from $0.34.
The dividend is payable January 14, 2014 to all who have owned shares as of December 31, 2013. According to Alan D. Wilson, Chairman, the President as well as the Chief Executive Officer, will exceed $180 million this year. He went on to report that investors in his company have reaped the benefits as the dividends paid have steadily increased with each passing year, ever since 1925. The increase on an annual basis has been 60%.
McCormick & Company, Incorporated (NYSE:MKC) the US-based company with core business in spices and seasonal mixes domain has been successfully serving both retail and commercial food businesses.
The company has a wide-spread product range from condiments to flavoured products that are the raw materials for many verticals of the food industry. McCormick products are known to be the source for several food manufacturing companies, retail outlets as well as hotels and food manufacturers.
In the recent years, the company has expanded its footprint, setting up outlets for direct consumer sales across the North American continent as well as Europe. It also has well-appointed facilities in south East Asian countries such as Thailand, Singapore as well as India. It operates in the Australian continent as well.
McCormick & Company, Incorporated (NYSE:MKC) is also popular for its spread of flavors in the Mexican as well as South African continent, besides Central America. One of its most recent purchases, has been China-based unit called Wuhan Asia-Pacific Condiments Co. McCormick & Company, Incorporated (NYSE:MKC) acquired this company in early May this year. In the recent years, the company has made great progress as a non-cyclical service provider in Consumer Goods in the Food Processing Industry segment.