Hormel Foods Corporation develops, processes, and distributes various meat, nuts, and food products to retail, foodservice, deli, and commercial customers in the United States and internationally. The company operates through four segments: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, and International & Other. It provides various perishable products that include fresh meats, frozen items, refrigerated meal solutions, sausages, hams, guacamoles, and bacons; and shelf-stable products comprising canned luncheon meats, nut butters, snack nuts, chilies, shelf-stable microwaveable meals, hashes, stews, tortillas, salsas, tortilla chips, and others. The company also engages in the processing, marketing, and sale of branded and unbranded pork, beef, poultry, and turkey products, as well as offers nutritional food products and supplements, desserts and drink mixes, and industrial gelatin products. It sells its products primarily under the SKIPPY, SPAM, Hormel, Natural Choice, Applegate, Justin's, Jennie-O, Café H, Herdez, Black Label, Sadler's, Columbus, Gatherings, Herdez, Wholly, Columbus, Planters, NUT-rition, Planters Cheez Balls, Corn Nuts, etc. brand names through sales personnel, independent brokers, and distributors. The company was formerly known as Geo. A. Hormel & Company and changed its name to Hormel Foods Corporation in January 1995. Hormel Foods Corporation was founded in 1891 and is headquartered in Austin, Minnesota.
Hormel Foods Dividend Announcement
• Hormel Foods announced a quarterly dividend of $0.28 per ordinary share which will be made payable on 2024-11-15. Ex dividend date: 2024-10-15
• Hormel Foods annual dividend for 2024 was $1.13
• Hormel Foods annual dividend for 2023 was $1.10
• Hormel Foods's trailing twelve-month (TTM) dividend yield is 4.65%
• Hormel Foods's payout ratio for the trailing twelve months (TTM) is 78.17%
• Hormel Foods's dividend growth over the last five years (2018-2023) was 7.96% year
• Hormel Foods's dividend growth over the last ten years (2013-2023) was 4.93% year
Hormel Foods Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2024-10-15 | $0.28 | quarterly | 2024-11-15 |
| 2024-07-15 | $0.28 | quarterly | 2024-08-15 |
| 2024-04-12 | $0.28 | quarterly | 2024-05-15 |
| 2024-01-12 | $0.28 | quarterly | 2024-02-15 |
| 2023-10-13 | $0.28 | quarterly | 2023-11-15 |
| 2023-07-14 | $0.28 | quarterly | 2023-08-15 |
| 2023-04-14 | $0.28 | quarterly | 2023-05-15 |
| 2023-01-13 | $0.28 | quarterly | 2023-02-15 |
| 2022-10-14 | $0.26 | quarterly | 2022-11-15 |
| 2022-07-08 | $0.26 | quarterly | 2022-08-15 |
| 2022-04-08 | $0.26 | quarterly | 2022-05-16 |
| 2022-01-14 | $0.26 | quarterly | 2022-02-15 |
| 2021-10-15 | $0.24 | quarterly | 2021-11-15 |
| 2021-07-09 | $0.24 | quarterly | 2021-08-16 |
| 2021-04-09 | $0.24 | quarterly | 2021-05-17 |
| 2021-01-08 | $0.24 | quarterly | 2021-02-16 |
| 2020-10-16 | $0.23 | quarterly | 2020-11-16 |
| 2020-07-10 | $0.23 | quarterly | 2020-08-17 |
| 2020-04-09 | $0.23 | quarterly | 2020-05-15 |
| 2020-01-10 | $0.23 | quarterly | 2020-02-18 |
| 2019-10-18 | $0.21 | quarterly | 2019-11-15 |
| 2019-07-12 | $0.21 | quarterly | 2019-08-15 |
| 2019-04-12 | $0.21 | quarterly | 2019-05-15 |
| 2019-01-11 | $0.21 | quarterly | 2019-02-15 |
| 2018-10-19 | $0.19 | quarterly | 2018-11-15 |
| 2018-07-13 | $0.19 | quarterly | 2018-08-15 |
| 2018-04-13 | $0.19 | quarterly | 2018-05-15 |
| 2018-01-11 | $0.19 | quarterly | 2018-02-15 |
| 2017-10-20 | $0.17 | quarterly | 2017-11-15 |
| 2017-07-13 | $0.17 | quarterly | 2017-08-15 |
| 2017-04-13 | $0.17 | quarterly | 2017-05-15 |
| 2017-01-12 | $0.17 | quarterly | 2017-02-15 |
| 2016-10-20 | $0.14 | quarterly | 2016-11-15 |
| 2016-07-14 | $0.14 | quarterly | 2016-08-15 |
| 2016-04-14 | $0.14 | quarterly | 2016-05-16 |
| 2016-01-14 | $0.29 | quarterly | 2016-02-16 |
| 2015-10-15 | $0.25 | quarterly | 2015-11-16 |
| 2015-07-16 | $0.25 | quarterly | 2015-08-17 |
| 2015-04-16 | $0.25 | quarterly | 2015-05-15 |
| 2015-01-15 | $0.25 | quarterly | 2015-02-17 |
| 2014-10-16 | $0.20 | quarterly | 2014-11-14 |
| 2014-07-17 | $0.20 | quarterly | 2014-08-15 |
| 2014-04-16 | $0.20 | quarterly | 2014-05-15 |
| 2014-01-17 | $0.20 | quarterly | 2014-02-14 |
| 2013-10-17 | $0.17 | quarterly | 2013-11-15 |
| 2013-07-18 | $0.17 | quarterly | 2013-08-15 |
| 2013-04-18 | $0.17 | quarterly | 2013-05-15 |
| 2013-01-17 | $0.17 | quarterly | 2013-02-15 |
Hormel Foods Dividend per year
Hormel Foods Dividend growth
Hormel Foods Dividend Yield
Hormel Foods current trailing twelve-month (TTM) dividend yield is 4.65%. Interested in purchasing Hormel Foods stock? Use our calculator to estimate your expected dividend yield:
Hormel Foods Financial Ratios
P/E ratio21.34
PEG ratio15.04
P/B ratio2.12
ROE9.97%
Payout ratio78.17%
Current ratio2.29
Quick ratio1.03
Cash Ratio0.41
Hormel Foods Dividend FAQ
How much is the next Hormel Foods dividend?
Hormel Foods's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Hormel Foods dividend. The next Hormel Foods dividend will be released in January, April, July, or October.
When is Hormel Foods dividend paid?
Hormel Foods pays dividends on a quarterly basis. The specific dates may vary each year but are generally around January, April, July, and October. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does Hormel Foods pay?
The specific amount of Hormel Foods dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Hormel Foods's dividend history.
Does Hormel Foods stock pay dividends?
Yes, Hormel Foods does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Hormel Foods's dividend history.
How much dividend does Hormel Foods pay?
Hormel Foods paid $1.13 in 2024, $1.1 in 2023, $1.04 in 2022, $0.98 in 2021, and $0.93 in 2020.
How often does Hormel Foods pay dividends?
Hormel Foods typically pays dividends on a quarterly basis. This means that dividends are usually distributed 4 times a year. The specific payout dates may vary each year but generally fall around January, April, July, and October.
What is Hormel Foods's dividend yield?
The current dividend yield for Hormel Foods is 4.65%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate Hormel Foods's exact dividend yield.
When does Hormel Foods go ex dividend?
Hormel Foods's ex-dividend date for the latest dividend was on 2024-10-15. Hormel Foods typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next Hormel Foods dividend paid?
Hormel Foods pays dividends on a quarterly basis, typically around January, April, July, or October, but the exact dates can vary each year.
Will Hormel Foods increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether Hormel Foods will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is Hormel Foods dividend per share?
Hormel Foods paid $1.13 per share in 2024 and $1.1 per share in 2023. The amount of dividend per share that Hormel Foods pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is Hormel Foods a dividend aristocrat?
Yes, the term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Hormel Foods a dividend king?
Yes, a "Dividend King" is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Hormel Foods a dividend stock?
Yes, Hormel Foods is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Hormel Foods a good dividend stock?
Whether Hormel Foods is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Hormel Foods has a history of paying regular dividends, which can make it attractive to income-focused investors.
Other factors to consider when evaluating Hormel Foods as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
Other factors to consider when evaluating Hormel Foods as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
Does Hormel Foods pay dividends monthly?
Hormel Foods typically pays dividends on a quarterly basis.
Does Hormel Foods pay dividends quarterly?
Hormel Foods currently pays dividends on a quarterly basis.
Has Hormel Foods ever paid a dividend?
Yes, Hormel Foods has a history of paying dividends to its shareholders. Hormel Foods is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Hormel Foods dividend stocks?
To buy Hormel Foods you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.
Place an order: Use the brokerage's trading platform to place an order to buy Hormel Foods stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
Place an order: Use the brokerage's trading platform to place an order to buy Hormel Foods stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
When does Hormel Foods pay dividends 2024?
Hormel Foods pays dividends on a quarterly basis. 2024 dividend payments are in 2024-11-15. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will Hormel Foods increase its dividend in 2024?
Decisions regarding Hormel Foods dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date Hormel Foods dividend overview you can look into the above table of dividend history.
How Hormel Foods dividend works?
The Hormel Foods dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how Hormel Foods's dividend process works:
1. Determination of Dividend: Hormel Foods's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Hormel Foods publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Hormel Foods distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Hormel Foods are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Determination of Dividend: Hormel Foods's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Hormel Foods publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Hormel Foods distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Hormel Foods are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
How are Hormel Foods dividends paid?
Hormel Foods dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:
1. Record Date: Hormel Foods sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Hormel Foods distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Hormel Foods declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
1. Record Date: Hormel Foods sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Hormel Foods distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Hormel Foods declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
How many times does Hormel Foods pay dividends?
Hormel Foods typically pays dividends on a quarterly basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does Hormel Foods pay dividends?
The general pattern is that Hormel Foods pays dividends around January, April, July, and October. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Hormel Foods dividend safe?
The safety of Hormel Foods's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.
To assess the safety of Hormel Foods's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Hormel Foods's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.
To assess the safety of Hormel Foods's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Hormel Foods's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.