MKC data by YCharts In all fairness, McCormick is facing the same inflation headwinds as other food makers, so operating costs have been an issue. McCormick (NYSE: MKC) describes itself as a flavor company, which is fairly unique in the packaged food space. The average annualized dividend increase over the past decade was roughly 9%, which is an impressive sum for a company in the generally slow-growth packaged food industry.