No. of Recommendations: 5
On these matters and many others always good to have some perspective. This announcement from one of my portfolio companies (McCormick) made that point with me:

The Board of Directors of McCormick & Company, Incorporated (MKC) today declared an increase in the quarterly dividend from $0.31 to $0.34 per share on its common stocks, payable January 14, 2013 to shareholders of record December 31, 2012. This marks the 27th consecutive year that the Company has increased its quarterly dividend.

Alan D. Wilson, Chairman, President & CEO, said, "Each year since 1925, McCormick shareholders have participated in the Company's success through dividend payments. We are delivering high performance and in the past decade, have increased the dividend at a 12% compound annual growth rate."

I am planning to hold this stock for quite awhile (even though it is not cheap at the moment), and would add on any significant pullbacks.
If I hold it another 20 years, I am sure I will see many different political administrations, tax policies etc. , but I am pretty confident it will be a fine investment if the long term dividend policy remains.

Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.