McCormick Price: $126.4 ^ 1.01 (0.81%)

Volume: 629,661

As Of: Aug 17 2018 4:02PM

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We deliver shareholder value year after year.We increased our dividend again in 2017.

Just as we have for 32 years. That makes us one of approximately 50 companies in the S&P 500 with more than 25 consecutive years of uninterrupted dividend increases.

Our growth strategy has successfully taken us through ups and downs in the global economy, financial markets and material costs. We drive sales and profit by investing in our people and our business.

We fuel these investments with savings from our Comprehensive Continuous Improvement (CCI) initiative—which improves productivity, reduces costs and increases cash flow throughout the organization. In the last five years we have achieved nearly $450 million in cost savings.

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We're Growing Sales in Three Ways

  1. Growing our base business: We put the same intensity into our marketing as we do in creating and innovating our products. We increased marketing investment in 2017 up 39% over the past 5 years and encompassed everything from in-store marketing to multi-platform mobile recipe and meal prep apps. We communicate the value of our brands by inspiring and connecting with consumers wherever they discover, create, consume and share flavor.

  2. Driving innovative products: New products launched in the past three years accounted for 9% of sales in 2017. Consumer insights drive our product development work and we have over 20 product innovation centers around the world. In our consumer segment, our global strategy councils are targeting local product successes with universal appeal, plus we’re devising innovative ways to drive regional sales. We have created new products for our McCormick Flavor Solutions customers, who are turning to us more and more to help them improve the healthfulness of their products.

  3. Acquiring leading brands: In both developed and emerging markets, we are financially disciplined when assessing value, and diligent in planning how we integrate new brands into our existing business and making sure they complement our products and grow our sales.