Hormel Foods Corporation (HRL) in Austin, Minn., is a global branded food company with more than $11 billion in annual revenue and operations in more than 80 countries. Its branded portfolio includes Planters, SKIPPY, SPAM, Hormel Natural Choice, Applegate, Justin's, WHOLLY, Hormel Black Label, Columbus, and more than 30 well-known brands. The company's shares have gained 17.2% in price over the past six months to close yesterday's trading session at $49.75.
In addition, HRL's dividend payouts have grown at a 10.5% CAGR over the past five years. While its four-year average dividend yield is 1.95%, its current dividend translates to a 2.1% yield. It paid a $0.26 per share dividend on Feb. 15, 2022.
