Why Income Investors See McCormick & Company (MKC) as a Reliable Choice Among Food Dividend Stocks
McCormick & Company, Incorporated (NYSE:MKC) is included among the 14 Best Food Dividend Stocks to Buy According to Analysts.
McCormick & Company, Incorporated (NYSE:MKC), the company behind household names like Frank’s Red Hot and Cholula hot sauces, is facing a tricky market but seems to be handling it carefully. Its second-quarter results were modest, yet there were signs of progress.
Investors got some reassurance as McCormick & Company, Incorporated (NYSE:MKC) confirmed its profit and sales goals for 2025, easing worries about rising tariffs. CEO Brendan Foley said the company is in a good position, with plans to manage tariff costs, invest in growth, and improve profit margins. The consumer side of the business is showing real strength. Sales of spices and seasonings are rising in every region, and McCormick is also picking up market share in hot sauces, giving the company a steady boost.
When it comes to McCormick & Company, Incorporated (NYSE:MKC)’s appeals, its dividend policy is the real winner. The company has not only paid consistent dividends for nearly 100 years, but has also increased its payouts for 39 years in a row. This is a big achievement for the company operating in the food sector. Currently, it pays a quarterly dividend of $0.45 per share and has a dividend yield of 2.61%, as of October 5.
While we acknowledge the potential of MKC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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Disclosure: None.
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