Why Hormel Foods Corp Is a Top Ranked Dividend Stock (HRL)

HRL stock boasts a S.A.F.E rating based on these measures

Hormel Foods Corp (HRL) has been named to the Dividend Channel ”S.A.F.E. 25” list, signifying a stock with above-average ”DividendRank” statistics including a strong 2.0% yield, as well as a superb track record of at least two decades of dividend growth, according to the most recent ”DividendRank” report.

According to the ETF Finder at ETF Channel, Hormel Foods is a member of the iShares S&P 1500 Index ETF (ITOT), and is also an underlying holding representing 0.55% of the SPDR S&P Dividend ETF (SDY), which holds $82,452,699 worth of HRL shares.

Hormel Foods made the “Dividend Channel S.A.F.E. 25” list because of these qualities: S. Solid return — hefty yield and strong DividendRank characteristics; A. Accelerating amount — consistent dividend increases over time; F. Flawless history — never a missed or lowered dividend; E. Enduring — at least two decades of dividend payments.

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The annualized dividend paid by Hormel Foods Corp. is 68 cents per share, currently paid in quarterly installments, and its most recent dividend ex-date was on 01/13/2017.

Below is a long-term dividend history chart for HRL, which the report stressed as being of key importance.

HRL+Dividend+History+Chart

HRL operates in the Food & Beverage sector, among companies like Kraft Heinz Co (KHC), and Mondelez International Inc (MDLZ).

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Article printed from InvestorPlace Media, https://investorplace.com/2016/12/hormel-foods-a-top-ranked-safe-dividend-stock-with-2-0-yield-hrl/.

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