HRL Named Top 25 SAFE Dividend Stock Increasing Payments For Decades

Hormel Foods Corp. (Symbol: HRL) has been named to the Dividend Channel ''S.A.F.E. 25'' list, signifying a stock with above-average ''DividendRank'' statistics including a strong 2.4% yield, as well as a superb track record of at least two decades of dividend growth, according to the most recent ''DividendRank'' report.

According to the ETF Finder at ETF Channel, Hormel Foods Corp. is a member of the iShares S&P 1500 Index ETF (ITOT), and is also an underlying holding representing 0.72% of the SPDR S&P Dividend ETF (SDY), which holds $173,178,756 worth of HRL shares.

Hormel Foods Corp. (Symbol: HRL) made the "Dividend Channel S.A.F.E. 25" list because of these qualities: S. Solid return — hefty yield and strong DividendRank characteristics; A. Accelerating amount — consistent dividend increases over time; F. Flawless history — never a missed or lowered dividend; E. Enduring — at least two decades of dividend payments.

The annualized dividend paid by Hormel Foods Corp. is $1.1/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 01/16/2023. Below is a long-term dividend history chart for HRL, which the report stressed as being of key importance.


HRL operates in the Food & Beverage sector, among companies like Mondelez International Inc (MDLZ), and Kraft Heinz Co (KHC).

Top 25 S.A.F.E. Dividend Stocks Increasing Payments For Decades »

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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