Why Hormel Foods is a Top 25 SAFE Dividend Stock
By DividendChannel.com, Contributor
via Forbes.com 12/27/2012
Hormel Foods Corp. (NYSE: 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 2.2% 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 0.96% of the SPDR S&P Dividend ETF (SDY), which holds $89,011,437 worth of HRL shares.
Hormel Foods Corp. (NYSE: 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 $0.68/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 01/16/2013. Below is a long-term dividend history chart for HRL, which the report stressed as being of key importance...
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