How Safe Is Hormel Foods Dividend?
Hormel Foods (NYSE: HRL) recently celebrated its 125th year of doing business as a meat processor and food products specialist. That streak is a testament to its strong market position and the balanced portfolio of brands, including Spam, Applegate, and Skippy, that management has assembled and supported over the years. Hormel's 51 consecutive years of annual dividend hikes shows just one way in which shareholders have benefited from those strengths.
While that record isn't in jeopardy of ending any time soon, it's still worth looking at Hormel Foods' dividend. After all, the company is on pace for a rare earnings decline this year due to soaring commodity meat prices.
Image source: Hormel Foods.
Source: Fool.com
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