Is McCormick Stock a Buy?
Whether a stock is a buy always depends on the specific purpose of the investment. There are many reason to invest in equities. A retiree may seek relatively safe income from dividends, or a long-term investor may be looking to build wealth, hoping to beat the overall market returns. A parent might even just want to introduce investing to children by giving them shares of a company they know and love.
McCormick (NYSE: MKC), the maker of well-known spices, sauces, and flavorings, could check all of those boxes. Over the last three- and 10-year time periods, McCormick stock has outpaced the S&P 500 in total returns by the meaningful margins of seven and 57 percentage points, respectively. Total returns include dividends, which McCormick has paid for 97 consecutive years. The spice maker has also increased its dividend payout every year for the last 35 years, putting it in the elite group of Dividend Aristocrats.
Source Fool.com
