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Data last updated: Sep 01, 2026
Snapshot (as of Sep 01, 2026): Hormel Foods Corporation (HRL) pays a $1.17 annual dividend ($0.29 quarterly), yielding 5.33% at $21.91/share. Next ex-dividend date 2026-07-13. 24 consecutive years of dividend growth. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 5.33%
Annual Dividend: $1.17 per share
Payout Ratio: 187.0% (based on depressed trailing earnings — see safety analysis below)
Ex-Dividend Date: 2026-07-13
Dividend Frequency: quarterly
Sector: Consumer Defensive
Years of Dividend History: 40
Hormel Foods Corporation dividend income comes from one of the most recognized names in packaged foods, with brands like SPAM, SKIPPY, and Planters sold across retail, foodservice, and international markets. HRL currently pays $1.1675 per share annually, with dividends distributed quarterly and the next ex-dividend date set for July 13, 2026. The current yield stands at 5.42%. With a beta of 0.331, HRL stock moves far less than the broader market, which appeals to income investors who prioritize low volatility over price appreciation.
Hormel Foods Corporation pays out 187.0% of earnings as dividends, a payout ratio classified as high (above 75%). That figure sits well above 100%, meaning current earnings alone do not cover the dividend. Hormel Foods Corporation dividend safety is the central question for income investors here, and the most significant data-supported pressure point is that a payout ratio of this magnitude leaves little room for earnings weakness across its Grocery Products, Refrigerated Foods, and other divisions before the dividend comes under strain.
Hormel Foods Corporation dividend history shows a CAGR of 11.4% per year from 2011 to 2025. The per-share payment grew from $0.2558 to $1.1600 over that window (2026 is a partial year and excluded from the growth calculation). The smallest annual increase in the window was 2.5% in 2025, a sharp deceleration from the 25.0% peak increase recorded in 2015.
| 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) |
HRL fits dividend investors who want a high current yield from a large, multi-channel packaged food business and can accept an elevated payout ratio in exchange for that income. The yield classification is high (above 4%), and at 5.42% it runs above the 5-year average of 5.02%, which reflects the pressure the market is pricing into the stock. Growth has slowed materially, with the 2025 increase coming in at just 2.5%. The trade-off is straightforward: HRL offers above-average income from a low-beta stock, but the 187.0% payout ratio means the dividend's sustainability depends heavily on an earnings recovery across its core business segments.
| 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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