Hormel Foods Corporation (NYSE:HRL) will begin trading ex-dividend on October 16, 2020. The quarterly dividend payment of $ 0.2325 per share is scheduled to be paid on November 16, 2020. The dividend yield based on the latest trading day closing price was 1.85 %. To secure the dividend payout, investors must buy the stock prior to the ex-dividend date..
Dividends History
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Hormel Foods Corporation recently reported third quarter financial results on August 25, 2020, before market open, producer of meat and food products worldwide announced income for the third quarter of $ 0.37 per share, from the revenue of $ 2,381.00 million. The quarterly revenues surged 3.94 percent compared with the same quarter last year. According to street consensus, HRL was expected to report 3Q20 income of $ 0.34 per share from revenue of $ 2365.54 million. The bottom line results beat street analysts by $ 0.03 or 8.82 percent, at the same time, top line results outshined analysts by $ 15.46 million or 0.65 percent.
Stock Performance
Shares of Hormel Foods Corporation traded low $ -0.41 or -0.81 percent on Wednesday, reaching $ 50.23 with volume of 1.55 million shares. Hormel Foods Corporation has traded high as $ 50.82 and has cracked $ 49.93 on the downward trend
According to the previous trading day, closing price of $ 50.23, representing a 29.81 % increase from the 52 week low of $ 39.01 and a 4.4 % decrease over the 52 week high of $ 52.97.
The company has a market capital of $ 27.10 billion and is part of the Consumer Defensive sector and Packaged Foods industry.
Hormel Foods Corporation produces and markets various meat and food products in the United States and internationally. The company operates through five segments: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, and International & Other. It offers various perishable meat products, including fresh meats, frozen items, refrigerated meal solutions, sausages, hams, guacamoles, and bacons; and shelf-stable products, such as canned luncheon meats, peanut butters, chilies, shelf-stable microwaveable meals, hashes, stews, meat spreads, flour and corn tortillas, salsas, tortilla chips, and other products.
