McCormick & Company is Committed to Raising Its Dividend

Although its stock is on the downside, McCormick & Company (MKC), a maker of spices, herbs and seasonings, bares watching because it is committed to regularly raising its dividend. Twenty dividend increases since 1990 have raised the annual dividend from $0.11 to $0.72, a 2.30% dividend yield at a stock price of $31. Therefore, MKC is a candidate for a long-term dividend reinvestment portfolio.