Hormel Foods Corp Increases Quarterly Dividend $HRL

on


  • Hormel Foods (NYSE:HRL) declares $0.21/share quarterly dividend, 12% increase from prior dividend of $0.1875.
  • Forward yield 1.85%
  • Payable Feb. 15; for shareholders of record Jan. 14; ex-div Jan. 11.


“This morning we announced a 12 percent increase to our annual dividend, making the new dividend $0.84 per share,” Snee said. “This is the 53rd consecutive year in which we’ve increased our dividend and the 10th consecutive year of double-digit increases. This demonstrates the confidence we have in our business going forward.”

For more information, visit www.hormelfoods.com


According to the list of U.S. Dividend Champions, Hormel  is a Dividend Champions. Hormel Foods has a 52-year dividend raising streak.


Dividend Growth Rates
DGR
DGR
DGR
DGR
1-yr
3-yr
5-yr
10-yr
17.2
19.3
17.8
16.3



Dividend Yield Chart:



Hormel Foods Corp stock dividend yield is close to 2-year low.

Payout Ratio:



This is the historical payout ratio of Hormel Foods Corp. If payout ratio is close to or higher than 100%, dividends might not be sustainable.

Comments

Post a Comment