McCormick & Company’ board of directors yesterday [Tuesday] announced a 2 for 1 split of both classes of its common stock.
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The stock split will be effected on 8 April 2002, by distribution of one new share for each share held of record at close of business on 25 March 2002.
McCormick last split its stock, also 2 for 1, in January 1992.
Robert J. Lawless, Chairman, President & CEO, commented: “We are pleased to announce this stock split for our shareholders. We believe that this action further recognizes the Company’s positive direction and management’s confidence that results will continue to improve.”
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