2024-03-13 23:26:04 ET
Summary
- Hormel has increased their dividends for 57 consecutive years while also maintaining a solid dividend compound annual growth rate.
- The shift in consumer spending towards store-branded items poses a risk to Hormel's sales and revenue growth.
- The stock currently trades over fair value, but a comeback is possible if inflation cools and sales volume continues to increase.
Overview
There's something truly fascinating about investing in "everyday" companies that pay a dividend. You are able to become a shareholder and collect passive income from the sales of items that millions of people have in their home. Hormel ( HRL ) is an example of this as I have been eating their food products for almost all of my life. It's even better when you are able to catch one of these companies on sale!...
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For further details see:
Hormel: Mixed Outlook For This Dividend King