As a dividend growth investor, it has become abundantly clear to me that high-quality companies rarely come at a discount to fair value, especially in the midst of a decade-long bull market.

It's inevitable in a decade long bull market that many of the highest quality companies are trading at valuations that I believe to be slight to moderate premiums to fair value.

One such company that I believe is trading at a bit too excessive of a premium to warrant consideration as an investment at the present is McCormick (MKC), although it is a company I plan on owning at some point in the future.

Today, we'll be discussing the dividend safety and growth profile of McCormick, its fundamentals and risks, and the valuation aspect of a potential investment in the company.

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