Hormel Foods Corporation (NYSE:HRL) Shareholders to Get $0.29 Quarterly Dividend

Key Points

• Hormel Foods declared a quarterly dividend of $0.2925 per share, payable November 16 to shareholders of record on October 13. The annualized dividend is $1.17 per share, representing a 5.9% yield.
• Hormel has raised its dividend for 60 consecutive years. Its current 65% payout ratio indicates the dividend is covered by earnings, though analysts project a higher 76% payout ratio based on expected future earnings.
• The company’s latest quarterly earnings were $0.37 per share, beating estimates of $0.35, while revenue of $2.96 billion fell short of expectations and declined 2.4% year over year.

Hormel Foods Corporation (NYSE:HRL - Get Free Report) declared a quarterly dividend on Monday, September 28th. Stockholders of record on Tuesday, October 13th will be paid a dividend of $0.2925 per share on Monday, November 16th. This represents a $1.17 dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date of this dividend is Tuesday, October 13th.

Hormel Foods has increased its dividend by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 60 consecutive years. Hormel Foods has a payout ratio of 65.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Hormel Foods to earn $1.54 per share next year, which means the company should continue to be able to cover its $1.17 annual dividend with an expected future payout ratio of 76.0%.

Hormel Foods Stock Up 1.2%

NYSE HRL opened at $19.96 on Tuesday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.92 and a current ratio of 1.88. The firm has a 50-day simple moving average of $23.01 and a 200 day simple moving average of $22.84. Hormel Foods has a twelve month low of $19.42 and a twelve month high of $26.60. The stock has a market cap of $10.98 billion, a PE ratio of 31.68, a PEG ratio of 2.31 and a beta of 0.33.

Hormel Foods (NYSE:HRL - Get Free Report) last released its earnings results on Thursday, August 27th. The company reported $0.37 earnings per share for the quarter, topping analysts' consensus estimates of $0.35 by $0.02. The business had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $3.03 billion. Hormel Foods had a return on equity of 9.91% and a net margin of 2.82%.The firm's revenue for the quarter was down 2.4% compared to the same quarter last year. During the same period last year, the business earned $0.35 earnings per share. Hormel Foods has set its FY 2026 guidance at 1.450-1.510 EPS. On average, research analysts forecast that Hormel Foods will post 1.49 EPS for the current year.

About Hormel Foods

Hormel Foods Corporation NYSE: HRL is a global food company that develops, produces and markets branded meat, prepared foods and other grocery products. Its portfolio includes SPAM luncheon meat, Hormel pepperoni, Hormel Compleats meals, Jennie-O turkey products, Applegate natural and organic foods, Columbus deli meats and Planters snack products.

The company sells products through retail grocery channels, foodservice operations and international markets. Its offerings are used by consumers, restaurants, schools, hospitals and other institutional customers, with products distributed across the United States and in selected markets worldwide.

Founded in 1891 by George A.

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