Tuesday, November 28, 2006

McCormick & Company Increases Dividend 11%

Today, McCormick & Co. (MKC) announced a 11% year over year increase in the company's quarterly cash dividend to 20 cents per share versus 18 cents per share in the same quarter last year. MKC maintains an S&P Quality Ranking of A+. In the press release, the company's CEO stated:

"In 2006 we have rebounded from a challenging 2005 fiscal year. Our financial results through the first three quarters have exceeded our expectations and the stock price has risen 20% in the past 12 months."

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