McCormick Price: $100.08 ^ 0.75 (0.76%)

Volume: 981,755

As Of: Nov 20 2017 4:02PM

Refresh Stock Quote
banner Image

We deliver shareholder value year after year.We increased our dividend again in 2016.

Just as we have for 31 years. That makes us one of approximately 50 companies in the S&P 500 with more than 25 consecutive years of uninterrupted dividend increases. We returned nearly $1.9 billion to shareholders in the last 5 years through dividends and share repurchases.

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 $400 million in cost savings.

Young Couple Cooking

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. Our marketing investment surpassed $250 million in 2016 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 2016. 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 customers of our industrial segment, 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.