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Data last updated: Oct 16, 2026
Snapshot (as of Oct 16, 2026): Hormel Foods Corporation (HRL) pays a $1.17 annual dividend ($0.29 quarterly), yielding 5.79% at $20.41/share. Next ex-dividend date 2026-10-13. 24 consecutive years of dividend growth. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 5.79%
Annual Dividend: $1.17 per share
Payout Ratio: 188.3% (based on depressed trailing earnings — see safety analysis below)
Ex-Dividend Date: 2026-10-13
Dividend Frequency: quarterly
Sector: Consumer Defensive
Years of Dividend History: 42
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 paid quarterly and the next ex-dividend date set for July 13, 2026. The current yield stands at 5.92%. With a beta of 0.315, HRL stock moves far less than the broader market, which suits 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 rests on the breadth of its product portfolio, spanning everyday staples from canned meats to nut butters that generate recurring consumer demand across retail and foodservice channels. The most significant pressure point is that a payout ratio this elevated leaves little room to absorb an earnings decline without forcing a dividend review.
Hormel Foods Corporation dividend history shows a CAGR of 11.4% per year from 2011 to 2025. The per-share payment grew from $0.2550 to $1.1600 over that period (2026 data is partial and excluded from the CAGR calculation). The smallest annual increase in the window was 2.7% in 2024, 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) |
Hormel Foods Corporation fits dividend investors who want a high current yield from a large, multi-brand food business. At 5.92%, the yield is classified as high (above 4%) and sits above the 5-year average of 5.49%, reflecting the income opportunity on offer today. The trade-off is a payout ratio of 187.0%, which means the dividend is not covered by current earnings. Growth has also slowed materially, with the most recent annual increase coming in at just 2.7%. HRL stock offers a high starting yield and 24 consecutive years of dividend increases, but the elevated payout ratio is the defining constraint income investors must weigh.
| Payment Date | Amount per Share |
|---|---|
| 2026-07-13 | $0.2925 |
| 2026-04-13 | $0.2925 |
| 2026-01-12 | $0.2925 |
| 2025-10-14 | $0.2900 |
| 2025-07-14 | $0.2900 |
| 2025-04-14 | $0.2900 |
| 2025-01-13 | $0.2900 |
| 2024-10-15 | $0.2825 |
| 2024-07-15 | $0.2825 |
| 2024-04-12 | $0.2825 |
| Year | Total Dividends |
|---|---|
| 2026 | $0.8775 |
| 2025 | $1.1600 |
| 2024 | $1.1300 |
| 2023 | $1.1000 |
| 2022 | $1.0400 |
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