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Dec 6, 2023 · Bottom Line: Hormel Is A Potentially Fantastic Buy, And So Are These 6%-Yielding Dividend Aristocrats. Hormel's management is confident that it can eventually return to the historical 7% to 8% ...
- Business Overview
- Growth Prospects
- Competitive Advantages & Recession Performance
- Valuation & Expected Returns
- Final Thoughts
Hormel was formed all the way back in 1891, when George A. Hormel established the Geo. A. Hormel & Company in Austin, Minnesota. Consumers took a liking to Hormel’s fresh pork products, which were a novelty at the time. In 1926, the company produced the world’s first canned ham. Hormel has continued to grow in the decades since, and now generates ~...
Hormel has an extremely impressive history of generating consistent growth from year to year, regardless of the broader economic climate. This speaks to the company’s strong brands and its staying power during recessionary periods. Hormel’s growth prospects depend upon a few different levers it can pull in the coming years. Organic growth is likely...
Hormel has a number of operational advantages. First, it operates in a wide variety of food businesses, which are very stable. Everyone has to eat, which provides the company with a certain level of demand, even during recessions. In addition, Hormel’s products are affordable for everyone, so stability should shine through during tough economic tim...
We expect Hormel to generate an adjusted EPS of $1.60 for fiscal 2024. Based on this, the stock trades for a price-to-earnings ratio of 22.2. This is above Hormel’s 10-year average price-to-earnings ratio. We view fair value for Hormel at a P/E of 22. As a result, it appears Hormel is just slightly overvalued right now, in our view. If the P/E retr...
Hormel has paid consecutive quarterly dividends without interruption since it became a public company in 1928. It has established one of the longest streaks of dividend increases in the market, and it is a Dividend King. Consumer staples stocks, particularly food companies with strong brands, enjoy steady demand and pricing power. Hormel has a stro...
Hormel Foods's next ex-dividend date is Monday, July 15, 2024. When was Hormel Foods's most recent ex-dividend date? Hormel Foods's most recent ex-dividend date was Friday, April 12, 2024. Is Hormel Foods's dividend growing? Over the past three years, the company's dividend has grown by an average of 5.76% per year.
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- The current dividend yield for Hormel Foods is 3.40%. Learn more on HRL's dividend yield history.
- The annual dividend for HRL shares is $1.10. Learn more on HRL's annual dividend history.
- Hormel Foods pays quarterly dividends to shareholders.
- Hormel Foods's next quarterly dividend payment of $0.2825 per share will be made to shareholders on Thursday, February 15, 2024.
- Hormel Foods's most recent quarterly dividend payment of $0.2750 per share was made to shareholders on Wednesday, November 15, 2023.
- Hormel Foods's next ex-dividend date is Friday, January 12, 2024.
- Hormel Foods's most recent ex-dividend date was Friday, October 13, 2023.
- Over the past three years, the company's dividend has grown by an average of 7.38% per year.
- Hormel Foods has increased its dividend for the past 57 consecutive years.
Oct 2, 2021 · Hormel Foods is the 102 nd (out of 508) highest-quality company on Dividend King’s Master List. That puts it in the 80th percentile of an already elite collection. That puts it in the 80th ...
Nov 22, 2017 · Not only is Hormel a Dividend Aristocrat, it is a Dividend King as well. The Dividend Kings have increased their dividends for 50+ consecutive years. You can see all 22 Dividend Kings here.
Mar 16, 2023 · Dividend Aristocrats Spotlight | March 16, 2023. Founded in 1891, Hormel Foods (NYSE:HRL) is a consumer-branded meat and food products company known globally as the manufacturer of household names like SPAM and Skippy. The company generates over 80% of its revenue from refrigerated foods and grocery products.
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3 days ago · Hormel Foods Dividend Information. Hormel Foods has an annual dividend of $1.13 per share, with a forward yield of 3.69%. The dividend is paid every three months and the next ex-dividend date is Jul 15, 2024. Dividend Yield.
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