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Hormel Foods (HRL) Dividend Yield, Date & History

Hormel Foods logo
$31.68 +0.10 (+0.32%)
(As of 12/20/2024 05:31 PM ET)

Hormel Foods Dividend Summary

Dividend Yield
3.66%
Annual Dividend
$1.16
Next
Dividend Payment
Feb. 18
Annualized 3-Year
Dividend Growth
5.76%
Dividend Payout Ratio
79.45%

Hormel Foods (HRL) pays an annual dividend of $1.16 per share, with a dividend yield of 3.66%. The next quarterly payment of $0.29 per share is scheduled for Tuesday, February 18, to investors who own the stock before the ex-dividend date of Monday, January 13. The company currently pays out 79.45% of its earnings and 59.21% of its cash flow as dividends.

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HRL Dividend Payments by Quarter

The chart below displays up to four years of Hormel Foods' dividend payment history by quarter. The blue bars represent historical dividend payments, while the gray bars indicate future payments.

HRL Dividend Yield Over Time

The chart below tracks Hormel Foods' dividend yield over the past four years. The line represents changes in yield by quarter, providing a clear view of trends over time.

Hormel Foods vs. The Competition

Compare Hormel Foods' annual dividend, yield, and 3-year growth rate with averages for Staples and NYSE companies to evaluate its performance against the market.

TypeHormel FoodsStaples CompaniesNYSE Companies
Annual Dividend$1.16$0.01$1.39
Dividend Yield3.66%2.76%3.58%
Annualized 3-Year Dividend Growth5.76%8.10%15.78%

Hormel Foods Dividend Payout Ratio

Dividend payout ratios express the dividend as a percentage of another metric, such as earnings or cash flow, and can be used to assess dividend sustainability.

TypePayout Ratio
Based on Trailing 12 Months of Earnings79.45%
Based on This Year's Estimate70.30%
Based on Next Year's Estimate62.03%
Based on Cashflow59.21%

Hormel Foods Dividend History by Quarter

AnnouncedPeriodPaymentPayment ChangeYieldEx-Dividend DateRecord DatePayable Date
11/25/2024quarterly$0.29+$0.0080
2.84%
3.69%1/13/20251/13/20252/18/2025
9/23/2024Quarterly$0.2820-$0.0005
0.18%
3.62%10/15/202410/15/202411/15/2024
5/20/2024quarterly$0.2825 - 3.07%7/15/20247/15/20248/15/2024
3/25/2024quarterly$0.2825 - 3.3%4/12/20243/25/20245/15/2024
11/20/2023quarterly$0.2825+$0.0075
2.73%
3.51%1/12/20241/16/20242/15/2024
9/25/2023quarterly$0.2750 - 2.83%10/13/202310/16/202311/15/2023
5/22/2023quarterly$0.2750 - 2.83%7/14/20237/17/20238/15/2023
3/27/2023quarterly$0.2750 - 2.82%4/14/20234/17/20235/15/2023

This table shows Hormel Foods' quarterlydividend history, including payout amounts, yield, dividend changes, and key dates. Use the date filter to explore data as far back as 2013 to analyze trends over time.

Hormel Foods Dividend - Frequently Asked Questions

The current dividend yield for Hormel Foods is 3.66%. Learn more on HRL's dividend yield history.

The annual dividend for HRL shares is $1.16. Learn more on HRL's annual dividend history.

Hormel Foods pays quarterly dividends to shareholders.

Hormel Foods's next quarterly dividend payment of $0.29 per share will be made to shareholders on Tuesday, February 18, 2025.

Hormel Foods's most recent quarterly dividend payment of $0.2820 per share was made to shareholders on Friday, November 15, 2024.

Hormel Foods's next ex-dividend date is Monday, January 13, 2025.

Hormel Foods's most recent ex-dividend date was Tuesday, October 15, 2024.

Over the past three years, the company's dividend has grown by an average of 5.76% per year.

The most recent change in the company's dividend was an increase of $0.0080 on Monday, November 25, 2024.

The dividend payout ratio for HRL is:
  • 79.45% based on the trailing year of earnings
  • 70.30% based on this year's estimates
  • 62.03% based on next year's estimates
  • 59.21% based on cash flow

Hormel Foods' dividend yield of 3.43% is higher than the average Consumer Staples company that issues a dividend. Hormel Foods' dividend payout ratio of 79.45% may not be sustainable. However, based on earnings estimates, HRL will have a more sustainable dividend payout ratio of 62.03% next year.

Looking at the stock as a whole, market analysts rate Hormel Foods stock as a Reduce, forecasting potential downside risks or overvaluation, signaling caution for investors.


This page (NYSE:HRL) was last updated on 12/21/2024 by MarketBeat.com Staff
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