HRL Named Among Top 25 SAFE Dividend Stocks Raising Payouts For Decades
Hormel Foods Corp. (Symbol: HRL) was listed on the Dividend Channel’s “SAFE 25” list, indicating a stock with above-average values “dividend push” metrics, including a strong 2.4% return, as well as an excellent track record of at least two decades of dividend growth, according to the most recent “dividend push” report.
According to ETF Channel’s ETF Finder, Hormel Foods Corp. member of the iShares S&P 1500 Index ETF (ITOT), and is also an underlying holding representing 0.72% of the SPDR S&P Dividend ETF (SDY), which is valued at $173,178,756 . of HRL shares.
Hormel Foods Corp. (Symbol: HRL) is on the “Dividend Channel SAFE 25” list because of these properties: S. Solid yield – high and solid yield RankDividend characteristics; A. Accelerated Amount – consistent dividend increases over time; F. Impeccable track record – never a missed or reduced dividend; E. Sustainable – at least two decades of dividend payments.
The Hormel Foods Corp. annualized dividend paid is $1.1/share, currently paid in quarterly installments, and the most recent ex-dividend date was 1/16/2023. Below is a table of HRL’s long-term dividend history, which the report identifies as critical.
HRL is active in the food and beverage sector, with companies such as Mondelez International Inc (MDLZ) and Kraft Heinz Co (KHC).
• FMAC shares an exceptional history
• RTG videos
• ELOX option chain
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Not all news on the site reflects the site’s point of view, but we automatically transmit and translate this news through programmatic technology on the site and not from a human editor.