LONDON, UK / ACCESSWIRE / July 12, 2018 / Active-Investors has a free review on Hormel Foods Corp. (NYSE: HRL) following the Company's announcement that it will begin trading ex-dividend on July 13, 2018. To capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on July 12, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on HRL:

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Dividend Declared

On May 21, 2018, Hormel Foods announced that its quarterly dividend on the common stock, authorized by the Board of Directors at $0.1875 per share on May 21, 2018, will be paid August 15, 2018, to stockholders of record at the close of business on July 16, 2018.

Hormel Foods' indicated dividend represents a yield of 2.02%, which is substantially higher than the average dividend yield of 1.72% for the Consumer Goods sector. The latest dividend payment will be the 360th consecutive quarterly dividend paid by the Company. Since becoming a public Company in 1928, Hormel Foods has paid a regular quarterly dividend without interruption.

Dividend Insights

Hormel Foods has a dividend payout ratio of 42.4%, which means that the Company spends approximately $0.42 for dividend distribution out of every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.

According to analysts' estimates, Hormel Foods is forecasted to report earnings of 1.91 per share for the next year, which is more than double compared to the Company's annualized dividend payout of $0.75 per share.

During Q2 FY18, Hormel Foods' cash on hand decreased to $262 million from $386 million at the end of Q1 FY18, as the Company continues to pay down short-term debt related to the Columbus Craft Meats acquisition. For the 26 weeks ended April 29, 2018, Hormel Foods' cash flow from operations was $443 million, up 58% compared to $281 million in the year ago same period. The Company remains in a strong financial position to fund its dividend and other capital needs.

About Hormel Foods

Hormel Foods, which is based in Austin, Minnesota., is a global branded food Company with over $9 billion in annual revenues across more than 80 countries worldwide. Its brands include Skippy®, SPAM®, Hormel® Natural Choice®, Applegate®, Justin's®, Wholly Guacamole®, Hormel® Black Label®, Columbus® and more than 30 other beloved brands. The Company is a member of the S&P 500 Index and the S&P 500 Dividend Aristocrats.

Stock Performance Snapshot

July 11, 2018 - At Wednesday's closing bell, Hormel Foods' stock slightly climbed 0.51%, ending the trading session at $37.52.

Volume traded for the day: 1.89 million shares.

Stock performance in the last month - up 2.49%; previous three-month period - up 6.11%; past twelve-month period - up 15.34%; and year-to-date - up 3.11%

After yesterday's close, Hormel Foods' market cap was at $19.73 billion.

Price to Earnings (P/E) ratio was at 23.26.

The stock has a dividend yield of 2.00%.

The stock is part of the Consumer Goods sector, categorized under the Meat Products industry.

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