Hormel Foods Corp. (HRL) Dividend History

$37.54 $-0.49

Dividend Score
Dividend Yield
2.89%

Annual Payment
$1.1

Payout Ratio
61.73%
Dividend Increases
>20 yrs

Price Chart

Key Metrics

Sector Consumer Defensive
Industry Packaged Foods
Avg daily volume 2,245,070
Market cap 20,782,700,000
Beta 0.19
Trailing 12 Month EPS 1.6
Next Earnings Date
Ex-dividend date 2023-07-14
P/E ratio 23.68

Company Description

Hormel Foods Corporation develops, processes, and distributes various meat, nuts, and food products to retail, foodservice, deli, and commercial customers in the United States and internationally. The company operates through four segments: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, and International & Other. It provides various perishable products that include fresh meats, frozen items, refrigerated meal solutions, sausages, hams, guacamoles, and bacons; and shelf-stable products comprising canned luncheon meats, nut butters, snack nuts, chilies, shelf-stable microwaveable meals, hashes, stews, tortillas, salsas, tortilla chips, and others. The company also engages in the processing, marketing, and sale of branded and unbranded pork, beef, poultry, and turkey products, as well as offers nutritional food products and supplements, desserts and drink mixes, and industrial gelatin products. It sells its products primarily under the SKIPPY, SPAM, Hormel, Natural Choice, Applegate, Justin's, Jennie-O, Café H, Herdez, Black Label, Sadler's, Columbus, Gatherings, Herdez, Wholly, Columbus, Planters, NUT-rition, Planters Cheez Balls, Corn Nuts, etc. brand names through sales personnel, independent brokers, and distributors. The company was formerly known as Geo. A. Hormel & Company and changed its name to Hormel Foods Corporation in January 1995. Hormel Foods Corporation was founded in 1891 and is headquartered in Austin, Minnesota.

Dividend Payments

Forward Yield
2.89%
Forward Payment
$1.1

Trailing Yield
2.66%
Trailing Payment
$1.09

Last Increase
Feb 15,23 5.77%
Last Cut
> 10 Years Ago

5 Year Average Yield
2.06%
% Below Current Yield
-40.22%

5 Year Div Growth Rate
8%
Payment Frequency
Quarterly

Historical Dividend Payments