This Magnificent Dividend Stock Is Trading Close to a Once-in-a-Decade Valuation. Is It a Buy? [Yahoo! Finance]
Mccormick & Co, Inc (MKC.V)
Company Research
Source: Yahoo! Finance
But boring businesses can make money for investors as well. And one of the most boring, surefire businesses out there is seasoning and spices giant McCormick & Company (NYSE: MKC) McCormick reported financial results for its fiscal first quarter of 2024 on March 26, and the market responded enthusiastically. Therefore, the stock isn't quite as good a deal as it was just days ago. However, shares still trade near a once-in-a-decade valuation by one important metric. It is one of the best dividend stocks in the world (more on that in a moment). And as of this writing, its dividend yield is about 2%. This means that for every $1,000 investment, shareholders can expect $20 in annual income. As the chart below shows, the dividend yield has been above 2% for a few months now, which is the first time it's been this high in almost a decade. Talking about its yield is appropriate because McCormick is a magnificent dividend stock. In November 2023, the company increased its quarterly payo
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News
- McCormick & Company: Potential Recovery In Margins [Seeking Alpha]Seeking Alpha
- Cognizant signs a large, global infrastructure agreement with McCormick & Company, Inc. [Yahoo! Finance]Yahoo! Finance
- McCormick: Dividend Growth And Expenses Reduction Imply Undervaluation [Seeking Alpha]Seeking Alpha
- With 83% ownership of the shares, McCormick & Company, Incorporated (NYSE:MKC) is heavily dominated by institutional owners [Yahoo! Finance]Yahoo! Finance