Not long ago I was bragging about McCormick spices
( MKC ) dividend increase - about 10%. And I was
insinuating that it was because of Trump.
I'm sorry, but that might not really be.
(I still like having Trump in the White House.)
I went back through my old records, and tallied up
the dividend increases for the last ten years, then
calculated the year over year dividend increases.
From 2007 to 2008 MKC increased the dividend by
about 9%. 2008 to 2009 increased about 8.3%.
Then 7,7%, 10.7%, 9.7%, 8.8%, 8.1%, 7.5%,
9.3%, and the latest, 2016 to 2017 (2018?) 10.6%.
In short, MKC likes to increase the dividend by a nice
percentage year after year after year.
Bad news - MKC's dividend yield has a habit of being
about 2% . . .
Good news - the shares I first bought back in 2007 are
worth about three times what I paid for them and the
annual dividend per share has increased from $0.88 a share
to $2.08 a share.
Short term, the dividend yield for McCormick is nothing
to talk about. Long term if MKC keeps upping the dividend
year after year after year I am going to be very happy with it.
(Seriously now, who wouldn't like a 10% 'pay' raise?)
Zim.
Mad Poet Strikes Again.
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