Hormel Foods As of September 23, 2022 ticker dps (an.) 2022 hike 2021 hike 2020 hike
HRL $1.04 0.0% 6.1% 5.4%
Business yield Hike yrs 5 yr CAGR freq. paid since
Meat & Food Products 2.2% N/A N/A Quarter N/A
Hormel Foods manufactures brand-name food and meat products. Source: Hormel 2018 annual report
Hormel Foods manufactures brand-name food and meat products. Source: Hormel 2018 annual report

Dividend Aristocrat Hormel Foods (HRL) will raise its quarterly dividend by 10.7 percent to $0.2325 per share in the first quarter of 2020. This marks the 54th consecutive year of annual dividend increases by the meat products maker.

The Board of Directors authorized the first quarterly dividend of 23.25 cents ($0.2325) a share to be paid on Feb. 18, 2020, to stockholders of record at the close of business on Jan. 13, 2020. A new annual dividend rate of 93 cents per share yields 2.1% at a stock price of $44.77.

Hormel Foods Corporation manufactures brand-name food and meat products worldwide. The company makes refrigerated pork, beef, chicken and turkey products and nutrition products including protein products. Its brands include Skippy, SPAM, Hormel Natural Choice, Applegate, Justin's, Wholly Guacamole and Hormel Black Label. The company's four segments are: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, and International & Other. Outside the United States Hormel markets its products through Hormel Foods International Corporation (HFIC). HFIC has a global presence in the international marketplace through joint ventures and placement of personnel in strategic foreign locations such as Australia, Brazil, Canada, China, Japan, and the Philippines. Since becoming a public company in 1928, Hormel Foods Corporation has paid a regular quarterly dividend without interruption. Hormel Foods Corporation was founded by George A. Hormel in 1891 in Austin, Minnesota, as Geo. A. Hormel & Company. The company’s name was changed to Hormel Foods Corporation on January 31, 1995. 

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Ex-date Ticker Yield YTD hike
Sep 30 PKG 4.4% 0.0%
Sep 30 O 4.8% 0.6%
Sep 30 STT 4.0% 10.5%
Sep 30 RJF 1.3% 0.0%
Sep 30 CAH 3.0% 1.0%
Sep 30 VTR 4.1% 0.0%
Sep 30 APD 2.8% 8.0%
Sep 30 RSG 1.3% 0.0%
Oct 03 A 0.7% 0.0%
Oct 03 DG 0.9% 31.0%