Dividend aristocrats, S&P 500 companies that have proven
to have stable and resilient enough business models to raise dividends for 25+
consecutive years, can be a great place to go looking for new income growth
ideas.
Let’s take a look at McCormick (MKC), a dividend aristocrat
whose wide moat business has allowed it to raise its dividend by 11% annually
for the last 31 years.
Even more impressively, the company has paid an
uninterrupted quarterly dividend for the past 91 years, proving its dedication
to rewarding dividend investors.
Specifically, let’s find out what makes McCormick such a
stable blue chip and more importantly if it’s likely to be able to continue its
impressive growth record in the coming years.
Finally, learn if the company’s valuation seems reasonable
enough to make McCormick a potentially solid addition to a diversified dividend
growth portfolio today.
Comments
Post a Comment