A diversified specialty food company and a global leader in the manufacture, marketing and distribution of spices, herbs, seasonings and other flavors to the entire food industry.
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McCormick is a classic stock for investors who want income and have little tolerance for wild swings in the market.
It isn't a super high yielder, current dividend yield is 2.8%. But it has an excellent track record of raising that dividend every year and the payout ratio is a very reasonable 41%.
Solid balance sheet, decent income, a pinch of growth, easy on the volatility is a recipe for a green thumb in an uncertain economy.
Disclosure: No position in MKC at time of posting.
Woo hoo! Dividend raised.
http://phx.corporate-ir.net/phoenix.zhtml?c=65454&p=irol-newsArticle&ID=1762254&highlight=
"increase in the quarterly dividend from $0.31 to $0.34 per share "
That stretches the string of raises to 27 years.
Disclosure: Long MKC