McCormick & Company

McCormick is the world's largest maker of spices, seasonings and flavorings, supplying both supermarket shelves under its own brands and industrial customers such as food manufacturers and restaurant chains. Its scale in a fragmented category, deep flavor expertise and steady consumer demand give it a durable, recession-resistant business. McCormick has raised its dividend for more than three decades, funded by dependable cash flows from everyday consumables. The yield is modest and payout growth measured, reflecting a company that reinvests to defend its shelf position. The result is a solid, if unspectacular, income profile suited to investors who value consistency over headline yield.