Reported Earlier, McCormick Increased Its Quarterly Dividend By ~8% To $0.42/Share
Portfolio Pulse from Benzinga Newsdesk
McCormick & Company, Incorporated's Board of Directors has declared an increase in the quarterly dividend from $0.39 to $0.42 per share, to be paid on January 8, 2024, to shareholders of record as of December 29, 2023.
November 29, 2023 | 6:30 am
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McCormick & Company has announced an increase in its quarterly dividend, which is a positive signal to investors and may lead to a favorable short term impact on its stock price.
Dividend increases are typically viewed as a sign of a company's strong financial health and confidence in its future earnings. This can attract income-focused investors and potentially boost the stock price in the short term. However, the actual impact on the stock price can also depend on overall market conditions and investor sentiment.
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