Hormel Foods Corporation (NYSE:HRL) is included among the 13 Incredibly Cheap Dividend Stocks to Invest in.
Hormel Foods Corporation (NYSE:HRL) is an American multinational food processing company. It operates through three main segments. Its retail arm includes well-known brands such as Planters, SPAM, Skippy, Herdez, Jennie-O, and Hormel. The foodservice division supplies products like pizza toppings and bacon to restaurants and other food outlets. The international business covers both global sales of its products and investments abroad.
Over time, Hormel Foods Corporation (NYSE:HRL) has been evolving from a primarily meat-focused company into a broader global branded food business, now generating more than $12 billion in annual revenue from over 40 worldwide brands.
Hormel Foods Corporation (NYSE:HRL) is also a solid dividend stock. The company is a Dividend King, having raised its payouts for 59 years in a row. Currently, it offers a quarterly dividend of $0.29 per share and has a dividend yield of 4.67%, as of September 19.
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