How Safe Is McCormick's Dividend?
Spice and flavorings giant McCormick (NYSE: MCK) has a long-running dividend that's kept growing through industry recessions and expansions alike. But is that payout still safe now that the company is splurging on a $4.2 billion acquisition of a group of Reckitt Benckiser brands?
Let's look at prospects for McCormick's dividend to expand at a market-beating rate over the next few years.
Image source: Getty Images.
Source: Fool.com
McKesson Corp. Stock
€751.20
0.830%
The stock is an absolute favorite of our community with 37 Buy predictions and no Sell predictions.
As a result the target price of 800 € shows a slightly positive potential of 6.5% compared to the current price of 751.2 € for McKesson Corp..
