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Got a Raise Today

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November 27, 2012 – Comments (4) | RELATED TICKERS: MKC

McCormick announced it's raising the dividend from $0.31 to $0.34 per share.  Three cents may not sound like much, but nearly 10% compounded can pile up after a while.

That stretches the string of annual raises to 27 years.

Disclosure:  Long MKC.

4 Comments – Post Your Own

#1) On November 28, 2012 at 12:11 AM, awallejr (83.97) wrote:

I like how you characterized that, becuase it really is a raise when you think about it.

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#2) On November 28, 2012 at 9:08 AM, rd80 (98.45) wrote:

Thanks. 

 it really is a raise when you think about it.

Yep, for anyone building a portfolio to generate dividend income, it's exactly a raise.

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#3) On November 28, 2012 at 8:35 PM, HarryCarysGhost (99.69) wrote:

Russ, I totally agree.

Dug up something I wrote on the Visa board-

http://boards.fool.com/holy-cow-got-a-raise-today-30339138.aspx?sort=whole

Cheers.

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#4) On November 28, 2012 at 9:09 PM, Option1307 (29.70) wrote:

Woo! Nice work and congrats!!

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