McCormick DRIP Rating:
Quick Takeaway:

McCormick offers an excellent DRIP plan for DRIP investors. The company charges a minimal fee for cash purchases and dividend reinvestment, but these fees are well below average. McCormick has a very strong history of solid and predictable dividend growth.

Ticker Symbol: MKC Exchange: NYSE

Investor Contact Information:
Transfer Agent: Wells Fargo
Mail: P.O. Box 64874
St. Paul, MN 64874
Phone: 877-778-6784
IR website

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2012 2013 2014 2015 2016 2017
Dividend $1.27 $1.39 $1.51 $1.63 $1.76 $1.88
Annual Increase 10.4% 9.4% 8.6% 7.9% 8.0% 6.8%
DRIP Plan Summary: Fees/Investment Options
Consecutive Years of Higher Dividends: 31
Purchase Fee: $0.05/share
Dividend Reinvestment Fee: $0.05/share
Discount on Reinvested Dividends: None
Direct Enrollment (DE): Yes
DE Minimum Investment: $500
Optional Cash Purchase: Yes
OCP Minimum: $50
OCP Maximum: $50,000
OCP Purchase Frequency: Weekly
Transfer Agent: Wells Fargo