Everyone knows that the food industry doesn’t play gentle. Competition is intensive, margins are slim and developing new markets is costly. McCormick & Company (MKC) knows that too well. Founded in 1889, the company built a spicy empire, delivering flavor to consumers around the world. Dividend Aristocrat with its 32 consecutive years of increased dividends, investors seem to have appreciated the company’s strategic move this year. Stock price soared after the Reckitt Benckiser food acquisition. Going forward, the company might just have the lineup it needs to come on top of its peers to maintain its sustainability.
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