McCormick & Company (NYSE:MKC) manufactures, markets, and distributes spices, seasoning mixes and condiments to retail outlets, food manufacturers, and foodservice businesses. Operating across two segments, consumer and industrial, McCormick owns many common brands that you would see in your local grocery store.
If you don’t spend a lot of time at the spice aisle of your local grocery store the brand name may not be familiar to you, but you’ve eaten plenty of their spice over the years.
When we last looked at McCormick in 2016 the company had been investing more into Southeast Asia to add to its manufacturing and R&D capabilities. We’re going to take a look at how the capital allocation has progressed in this article, as well as making sure the dividend story is still intact. MKC is one of 50 S&P dividend aristocrats who have paid and increased their dividend for more than 25 years.
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