Hormel Foods Corporation Declares Quarterly Dividend of $0.29 (NYSE:HRL)

Hormel Foods Corporation (NYSE:HRL) announced a quarterly dividend on Monday, May 18th. Stockholders of record on Monday, July 13th will be paid a dividend of 0.2925 per share on Monday, August 17th. This represents a c) dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date of this dividend is Monday, July 13th.

Hormel Foods has increased its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 60 years. Hormel Foods has a dividend payout ratio of 65.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Hormel Foods to earn $1.52 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 77.0%.

Hormel Foods Trading Up 3.3%

Shares of HRL opened at $20.39 on Tuesday. The firm’s 50-day moving average price is $21.70 and its 200-day moving average price is $22.98. The firm has a market capitalization of $11.22 billion, a price-to-earnings ratio of 22.91, a PEG ratio of 2.39 and a beta of 0.33. The company has a current ratio of 2.66, a quick ratio of 1.37 and a debt-to-equity ratio of 0.36. Hormel Foods has a 1-year low of $19.70 and a 1-year high of $31.86.

Hormel Foods (NYSE:HRL) last announced its earnings results on Thursday, February 26th. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. The firm had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.07 billion. Hormel Foods had a net margin of 4.03% and a return on equity of 9.38%. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.35 EPS. Hormel Foods has set its FY 2026 guidance at 1.430-1.510 EPS. Sell-side analysts anticipate that Hormel Foods will post 1.42 EPS for the current year.

Hormel Foods Company Profile

Hormel Foods Corporation is a global branded foods company primarily engaged in the production, marketing and distribution of value-added, high-quality meat and food products. The company’s portfolio spans a range of categories including refrigerated and frozen meats, pantry staples, specialty foods and shelf-stable items. Through manufacturing facilities located across North America and international markets, Hormel Foods supplies retail grocers, foodservice operators, convenience stores and e-commerce platforms.

Among its best-known brands, Hormel Foods produces SPAM® canned meats, Jennie-O® turkey products, Skippy® peanut butter and Applegate® natural and organic meats.