These 2 Stocks Just Declared Dividend Raises. Should You Buy Now?
Are the food supply and restaurant businesses staging a comeback?
Neither has been the hottest segment on the stock exchange of late, but two recent dividend raises by segment mainstays McCormick (NYSE: MKC) and Darden Restaurants (NYSE: DRI) indicate confidence in the future. Here's a closer look at whether this optimism means one or both of these stocks is worth buying.
McCormick, the stock market's king of spices and condiments, declared a fresh dividend raise in advance of the release of its second-quarter results late last month. The company's new quarterly payout is to be $0.37 per share, which is 9% higher than its predecessor.
Source Fool.com
