3 Stocks I’m Buying (March 2023)

Dividends Forever
4 min readMar 1, 2023

Can you believe we’re already a quarter of the way through the year?

It’s crazy how fast 2023 is moving.

And truth be told, I wasn’t particularly interested in buying stocks this month. At least that was the case, two weeks ago.

The market’s been on a tear, with stocks hitting new highs every day.

Two weeks ago, I couldn’t cobble together a list of good investment ideas. Even if my life depended on it.

But now?

Stocks are plummeting again. Investors are fearful. And the buying opportunities have reemerged.

So here’s where I’m putting my money.

1. McCormick & Company ($MKC)

McCormick & Company makes spices, sauces, and teas.

They own numerous recognizable brands, including: Frank’s RedHot, French’s Classic Yellow Mustard, Lawry’s, and their titular McCormick product line.

I’m a huge fan of the company’s spices, and their stock.

McCormick has been a steady compounder for years. However, the company is facing short-term headwinds due to inflation and consumer spending.

The business recently missed its estimated earnings, and McCormick shares plummeted to a multi-year low.

While the stock is now more expensive from a PE metric, it’s also cheaper in terms of dollars per share. With a starting dividend yield of 2.08%, a payout ratio of 58.50%, and a recent dividend raise of 5.4% — I’m happy to buy and hold McCormick stock.

I think it offers great long-term income potential.

2. Broadridge Financial Solutions ($BR)

Another stock I’ve bought before, at a higher price.

Broadridge Financial Solutions manages and distributes shareholder material to investors.

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