5 Best Consistent Dividend Stocks to Buy

2. McCormick & Company, Incorporated (NYSE:MKC)

Consecutive Years of Dividend Growth: 37
5-Year Average Payout Ratio: 43.6%

McCormick & Company, Incorporated (NYSE:MKC) is another one of the best consistent dividend stocks on our list. The food manufacturing company has been raising its dividends consistently for the past 37 years and currently offers a per-share dividend of $0.39 every quarter. The stock has a dividend yield of 2.10%, as of February 28. The company has a healthy 5-year average dividend payout ratio of 43.6%.

In January, Bernstein upgraded McCormick & Company, Incorporated (NYSE:MKC) to Outperform with a $90 price target. The firm expects a recovery in the company’s fundamental performance over the course of 2023.

According to Insider Monkey’s Q4 2022 database, 25 hedge funds owned stakes in McCormick & Company, Incorporated (NYSE:MKC), with a total value of over $1.5 billion.

Follow Mccormick & Co Inc (NYSE:MKC)