This Dividend Aristocrat Is 21% Off Its Record High: Should You Buy the Dip?
Market volatility can present intriguing buying opportunities to investors with a long-term mindset. With the S&P 500 index 18% off of its 52-week high, there are plenty of stocks out there trading at attractive valuations.
Shares of the seasoning mixes and condiments manufacturer and distributor McCormick (NYSE: MKC) have retreated 21% from their record-high share price of $107 set in April. This raises the following question: Should dividend growth investors pick up shares of the stock?
Let's dive into McCormick's fundamentals and valuation to address this question.
Source Fool.com
