Food and Beverage Sector Ideas

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McCormick - >>> 5 Dividend Stocks That Have Had a Great Run and Are Just Getting Started


https://www.fool.com/investing/2020/10/29/x-dividend-stocks-that-had-a-record-year-and-are-j/


McCormick

Spice and flavorings leader McCormick is in a unique position to thrive in any consumer environment. With just over 60% of 2019 net sales coming from the consumer segment, and the balance from its flavor solutions group, the company has shown the ability to navigate the pandemic-driven economy with the help of its diverse customer base.

In its recently reported third quarter, the consumer segment continued to thrive from stay-at-home trends, with sales jumping 15%, while it also showed a recovery in its flavor segment, which supplies restaurants and packaged-foods makers. And investors can count on the dividend continuing to grow from its current level, too. McCormick is also a Dividend Aristocrat, having increased its dividend for 34 consecutive years.

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