Hormel Foods's last quarterly dividend payment of $0.275 per share was made to shareholders on record before Oct 13, 2023. The dividend payment stands at $1.1 per share annually, which equates to a dividend yield of 3.44%.
HRL has a dividend yield of 3.44% which is above the Consumer Defensive sector and the industry average. Compared to its Consumer Defensive sector average of 2.38%, Hormel Foods's dividend yield is 45% higher. The current dividend yield is above the historical average of 2.2% of the last 5 years.
Hormel Foods has been paying dividends for the last 28 years. According to our records HRL has issued four quarterly dividends in the last twelve months. The annualized DPS has grown by 6% since one year ago. And with the stock price down by 35% from a year ago, the dividend yield has grown by 62%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Oct 13, 2023 | Nov 15, 2023 | Sep 25, 2023 | $0.275 | normal |
| Jul 14, 2023 | Aug 15, 2023 | May 22, 2023 | $0.275 | normal |
| Apr 14, 2023 | May 15, 2023 | Mar 27, 2023 | $0.275 | normal |
| Jan 13, 2023 | Feb 15, 2023 | Nov 21, 2022 | $0.275 | normal |
| Oct 14, 2022 | Nov 15, 2022 | Sep 26, 2022 | $0.26 | normal |
| Jul 8, 2022 | Aug 15, 2022 | May 23, 2022 | $0.26 | normal |
| Apr 8, 2022 | May 16, 2022 | Mar 28, 2022 | $0.26 | normal |
| Jan 14, 2022 | Feb 15, 2022 | Nov 22, 2021 | $0.26 | normal |
| Oct 15, 2021 | Nov 15, 2021 | Sep 27, 2021 | $0.245 | normal |
| Jul 9, 2021 | Aug 16, 2021 | May 24, 2021 | $0.245 | normal |
| Apr 9, 2021 | May 17, 2021 | Mar 22, 2021 | $0.245 | normal |
| Jan 8, 2021 | Feb 16, 2021 | Nov 23, 2020 | $0.245 | normal |
| Oct 16, 2020 | Nov 16, 2020 | Sep 29, 2020 | $0.233 | normal |
| Jul 10, 2020 | Aug 17, 2020 | May 18, 2020 | $0.233 | normal |
| Apr 9, 2020 | May 15, 2020 | Mar 23, 2020 | $0.233 | normal |
| Jan 10, 2020 | Feb 18, 2020 | Nov 25, 2019 | $0.233 | normal |
| Oct 18, 2019 | Nov 15, 2019 | Sep 23, 2019 | $0.21 | normal |
| Jul 12, 2019 | Aug 15, 2019 | May 21, 2019 | $0.21 | normal |
| Apr 12, 2019 | May 15, 2019 | Mar 25, 2019 | $0.21 | normal |
| Jan 11, 2019 | Feb 15, 2019 | Nov 19, 2018 | $0.21 | normal |
| Oct 19, 2018 | Nov 15, 2018 | Sep 24, 2018 | $0.188 | normal |
| Jul 13, 2018 | Aug 15, 2018 | May 21, 2018 | $0.188 | normal |
| Apr 13, 2018 | May 15, 2018 | Mar 26, 2018 | $0.188 | normal |
| Jan 11, 2018 | Feb 15, 2018 | Nov 20, 2017 | $0.188 | normal |
| Oct 20, 2017 | Nov 15, 2017 | Sep 25, 2017 | $0.17 | normal |
| Jul 13, 2017 | Aug 15, 2017 | May 22, 2017 | $0.17 | normal |
| Apr 13, 2017 | May 15, 2017 | Mar 28, 2017 | $0.17 | normal |
| Jan 12, 2017 | Feb 15, 2017 | Nov 21, 2016 | $0.17 | normal |
| Oct 20, 2016 | Nov 15, 2016 | Sep 26, 2016 | $0.145 | normal |
| Jul 14, 2016 | Aug 15, 2016 | May 23, 2016 | $0.145 | normal |
| Apr 14, 2016 | May 16, 2016 | Mar 29, 2016 | $0.145 | normal |
| Jan 14, 2016 | Feb 16, 2016 | $0.145 | normal | |
| Oct 15, 2015 | Nov 16, 2015 | Sep 28, 2015 | $0.125 | normal |
HRL has a payout ratio of 67.9% which is higher than the Consumer Defensive sector and the industry average. If we compare it with the Consumer Defensive sector average of 52.3%, Hormel Foods's payout ratio is 30% higher.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| CAG Conagra Brands Inc | 4.85% | $1.36 | 59.9% |
| TSN Tyson Foods Inc | 4.08% | $1.92 | N/A |
| HRL Hormel Foods Corp | 3.61% | $1.1 | 67.9% |
| SEB Seaboard Corp | 0.26% | $9 | 2.7% |
Yes, Hormel Foods has paid four dividends in the last 12 months. HRL has been paying dividends since 1995.
HRL's next dividend is scheduled on Jan 12, 2024 (ex-date).
Hormel Foods's last dividend ex-date was on Oct 13, 2023. The dividend amount was $0.275 per share.
HRL has paid dividend of $1.1 per share in the last year.
Hormel Foods's current dividend yield is 3.44%.
Hormel Foods pays four dividends per year.
Hormel Foods's dividend payout ratio is 67.9%.
Hormel Foods's dividend yield is above the Consumer Defensive sector average.