SmarterDividends
HRL

Hormel Foods Corporation

HRL24 yrs growth

Consumer Defensive · Packaged Foods · Stock · quarterly payer

$20.95

Undervalued · +35% Add to Portfolio

Forward Yield

5.58%

Annual Dividend

$1.17

Payout Ratio

188%

5-Yr Growth

4.5%

Ex-Date

Oct 13, 2026

Frequency

Quarterly

Key facts about HRL's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 27, 2026, Hormel Foods Corporation (HRL) has a forward dividend yield of 5.58%, based on an annual dividend of $1.17 per share and a share price of $20.95.
  • As of Oct 27, 2026, HRL's dividend safety grade from SmarterDividends is B (76 out of 100), which rates the dividend as safe.
  • By SmarterDividends' count, Hormel Foods Corporation (HRL) has raised its dividend for 24 consecutive years as of Oct 27, 2026.
  • HRL last cut its regular dividend in 2001.
  • HRL's most recent ex-dividend date was Oct 13, 2026, for a dividend of $0.29 per share.
  • As of Oct 27, 2026, HRL pays out 188% of its trailing 12-month earnings as dividends (its payout ratio).
  • HRL's dividend has grown at an average rate of 4.5% a year over the past five years.
  • As of Oct 27, 2026, HRL's 5.58% yield is 87% above its five-year average yield of 2.98%.
  • As of Oct 27, 2026, SmarterDividends' blended fair-value estimate for HRL is $28.33 per share, 35% above the $20.95 share price, so HRL screens as undervalued.
  • Hormel Foods Corporation (HRL) pays its dividend quarterly, 4 times a year.
  • Hormel Foods Corporation (HRL) has raised its regular dividend 42 times and cut it 0 times across the 161 payments on record since 1987. Its most recent change was a 1.0% increase to $0.293 per share, going ex-dividend on Jan 12, 2026.
  • Hormel Foods (HRL) has declared its first higher dividend of the year in November in 5 of the last 5 years; its most recent raise, 1.0%, was declared on Nov 24, 2025.
Cite this page

SmarterDividends, "HRL Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 27, 2026, https://smarterdividends.com/stocks/HRL

Summary

As of Oct 27, 2026, Hormel Foods Corporation (HRL) yields 5.58% ($1.17 a year per share), has a dividend safety grade of B (76/100) and has 24 consecutive years of dividend increases on record.

Is HRL a good dividend stock?

Yes

Hormel Foods Corporation (HRL) pays a quarterly dividend yielding 5.58% ($1.17/yr), with 24 years of growth and a dividend-safety grade of B. It scores well across payout coverage, growth history and safety — a dependable income holding.

Advantages

  • 24 consecutive years of dividend growth

Risks

  • Cut its dividend in 2001
  • Elevated payout ratio (188%)
  • Share price is down over the past 5 years

Key Data

Dividend Yield
5.58%
Payout Ratio
188%
Annual Dividend
$1.17
5-Yr Avg Growth
4.5%
Ex-Dividend Date
Oct 13, 2026
Years of Growth
24
Frequency
quarterly
Beta
0.29
Market Cap
$11.5B
P/E Ratio
33.8
5-Yr Total Return
-49%
52-Week Range
$18.96 – $26.60
Dividend Safety
B · 76/100
Ever Cut?
Yes (2001)

HRL dividend raises and cuts

Hormel Foods Corporation (HRL) has raised its regular dividend 42 times and cut it 0 times across the 161 payments on record since 1987. Its most recent change was a 1.0% increase to $0.293 per share, going ex-dividend on Jan 12, 2026.

Ex-dateChangeOld → newMove
Jan 12, 2026Raise$0.290 → $0.293+1.0%
Jan 13, 2025Raise$0.283 → $0.290+2.5%
Jan 12, 2024Raise$0.275 → $0.283+2.9%
Jan 13, 2023Raise$0.260 → $0.275+5.8%
Jan 14, 2022Raise$0.245 → $0.260+6.1%
Jan 8, 2021Raise$0.233 → $0.245+5.2%
Jan 10, 2020Raise$0.210 → $0.233+11.0%
Jan 11, 2019Raise$0.188 → $0.210+11.7%
Jan 11, 2018Raise$0.170 → $0.188+10.6%
Jan 12, 2017Raise$0.145 → $0.170+17.2%
Jan 14, 2016Raise$0.125 → $0.145+16.0%
Jan 15, 2015Raise$0.100 → $0.125+25.0%
Show all 42 changes since 1988
Ex-dateChangeOld → newMove
Jan 17, 2014Raise$0.0850 → $0.100+17.6%
Jan 17, 2013Raise$0.0750 → $0.0850+13.3%
Jan 19, 2012Raise$0.0640 → $0.0750+17.2%
Apr 19, 2011Raise$0.0638 → $0.0640+0.4%
Jan 19, 2011Raise$0.0525 → $0.0638+21.4%
Jan 20, 2010Raise$0.0475 → $0.0525+10.5%
Jan 21, 2009Raise$0.0463 → $0.0475+2.7%
Jan 16, 2008Raise$0.0375 → $0.0463+23.3%
Jan 17, 2007Raise$0.0350 → $0.0375+7.1%
Jan 18, 2006Raise$0.0325 → $0.0350+7.7%
Jan 19, 2005Raise$0.0283 → $0.0325+15.0%
Jan 21, 2004Raise$0.0263 → $0.0283+7.6%
Jan 15, 2003Raise$0.0245 → $0.0263+7.1%
Jan 16, 2002Raise$0.0233 → $0.0245+5.4%
Jan 17, 2001Raise$0.0220 → $0.0233+5.7%
Apr 18, 2000Raise$0.0219 → $0.0220+0.6%
Jan 19, 2000Raise$0.0206 → $0.0219+6.1%
Jan 20, 1999Raise$0.0200 → $0.0206+3.1%
Jan 21, 1998Raise$0.0194 → $0.0200+3.2%
Jan 15, 1997Raise$0.0188 → $0.0194+3.3%
Jan 17, 1996Raise$0.0181 → $0.0188+3.4%
Jul 19, 1995Raise$0.0175 → $0.0181+3.6%
Jan 13, 1995Raise$0.0156 → $0.0175+12.0%
Jan 14, 1994Raise$0.0138 → $0.0156+13.6%
Jan 15, 1993Raise$0.0113 → $0.0138+22.2%
Jan 13, 1992Raise$0.0094 → $0.0113+20.0%
Jan 14, 1991Raise$0.0081 → $0.0094+15.4%
Jan 12, 1990Raise$0.0069 → $0.0081+18.2%
Jan 13, 1989Raise$0.0056 → $0.0069+22.2%
Jan 15, 1988Raise$0.0047 → $0.0056+20.0%
Every HRL payment →Download every raise and cut (CSV)
HRL ex-dividend date & scheduleNext ex-date Oct 13, 2026 · full ex-dividend historyView →HRL dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is HRL a good dividend stock?

Yes. Hormel Foods Corporation (HRL) pays a quarterly dividend yielding 5.58% ($1.17/yr), with 24 years of growth and a dividend-safety grade of B. It scores well across payout coverage, growth history and safety — a dependable income holding.

Is HRL undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, HRL's fair value is about $28.33 versus a $20.95 share price — so it looks undervalued (+35% vs. fair value).

Is HRL's dividend safe?

HRL has a dividend-safety grade of B (76/100), based on its payout coverage, free-cash-flow, 24-year growth streak, a dividend cut in 2001, debt and yield-versus-history.

What is HRL's fair value?

Our blended fair-value estimate for HRL is about $28.33 per share, roughly 35% above the current $20.95 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is HRL a buy, hold, or sell?

We don't issue formal ratings, but on the data HRL screens as "yes" and undervalued. Hormel Foods Corporation (HRL) pays a quarterly dividend yielding 5.58% ($1.17/yr), with 24 years of growth and a dividend-safety grade of B. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.

Will HRL cut its dividend?

HRL earns a dividend-safety grade of B (76/100), and has cut its dividend before (last in 2001). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does HRL pay a dividend?

Yes. Hormel Foods Corporation pays a quarterly dividend of about $1.17 per share annually, a forward yield of roughly 5.58%.

What is HRL's dividend yield?

As of Oct 27, 2026, HRL's forward dividend yield is 5.58%, based on a $1.17 annual dividend and a $20.95 share price.

What is HRL's dividend per share?

As of Oct 27, 2026, HRL pays $1.17 per share per year, distributed on a quarterly basis.

What is HRL's dividend payout ratio?

As of Oct 27, 2026, HRL's payout ratio is 188% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

How many years has HRL grown its dividend?

As of Oct 27, 2026, HRL has increased its dividend for 24 consecutive years.

When is the next HRL ex-dividend date?

As of Oct 27, 2026, HRL's next ex-dividend date hasn't been announced. The most recent was Oct 13, 2026, for $0.29 per share.

Income Calculator

At $1.17 / yr per share

Per payment (quarterly)$29.25
Annual$117.00
Monthly avg$9.75

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