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Data last updated: Jul 18, 2026
Snapshot (as of Jul 18, 2026): Hormel Foods Corporation (HRL) pays a $1.17 annual dividend ($0.29 quarterly), yielding 4.60% at $25.39/share. Next ex-dividend date 2026-07-13. 24 consecutive years of dividend growth. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 4.60%
Annual Dividend: $1.17 per share
Payout Ratio: 137.0%
Ex-Dividend Date: 2026-07-13
Dividend Frequency: quarterly
Sector: Consumer Defensive
Years of Dividend History: 40
Hormel Foods Corporation dividend investors are looking at a company behind SPAM, SKIPPY, and Planters, selling packaged and refrigerated foods across retail, foodservice, and international markets. The current yield sits at 4.66%, paid quarterly, with a trailing annual rate of $1.1650 per share and the next ex-dividend date on July 13, 2026. HRL has raised its dividend for 24 consecutive years, a streak that appeals to income-focused investors who prioritize longevity over rapid growth. With a beta of 0.343, HRL stock moves far less than the broader market, which suits investors who value low price volatility alongside their income.
Hormel Foods Corporation pays out 137.0% of earnings as dividends, a payout ratio classified as high (above 75%). That figure exceeds 100%, meaning the current dividend is not fully covered by reported earnings, though HRL's portfolio of everyday consumer staples, from canned meats to nut butters, generates recurring demand across retail and foodservice channels. Hormel Foods Corporation dividend safety is the central question here: a payout ratio above 1x earnings is the most significant data-supported pressure point, and any further earnings compression would tighten coverage further.
Hormel Foods Corporation dividend history shows a CAGR of 11.4% per year from 2011 to 2025. The per-share dividend grew from $0.2558 to $1.1600 over that window (2026 is a partial year and excluded from the CAGR calculation). Growth has slowed materially in recent years: the smallest annual increase in the window was 2.5% in 2025, a sharp contrast to the 25.0% increase posted in 2015. That deceleration is the defining feature of HRL's recent dividend trajectory.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +3.7% | $1.04 (2022) | $1.16 (2025) |
| 5-Year | +4.5% | $0.93 (2020) | $1.16 (2025) |
| 10-Year | +8.8% | $0.50 (2015) | $1.16 (2025) |
Hormel Foods Corporation fits dividend investors who want a high current yield from a recognizable consumer food business and can accept an elevated payout ratio in exchange. The yield of 4.66% is classified as high (above 4%), and it sits above the 5-year average of 4.33%, reflecting the pressure the stock has faced. The trade-off is clear: income is meaningful and the 24-year increase streak carries weight, but the 137.0% payout ratio means earnings need to recover for the dividend to remain on firm footing. Growth has also slowed to 2.5% annually, so this is an income story, not a growth one.
| Payment Date | Amount per Share |
|---|---|
| 2026-07-13 | $0.2925 |
| 2026-04-13 | $0.2925 |
| 2026-01-12 | $0.2930 |
| 2025-10-14 | $0.2900 |
| 2025-07-14 | $0.2900 |
| 2025-04-14 | $0.2900 |
| 2025-01-13 | $0.2900 |
| 2024-10-15 | $0.2830 |
| 2024-07-15 | $0.2830 |
| 2024-04-12 | $0.2830 |
| Year | Total Dividends |
|---|---|
| 2026 | $0.8780 |
| 2025 | $1.1600 |
| 2024 | $1.1320 |
| 2023 | $1.1000 |
| 2022 | $1.0400 |
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