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Uncovering Dividend Opportunities with NYSE:HRL.

By Mill Chart

Last update: Jan 9, 2024

Unearth the potential of HORMEL FOODS CORP (NYSE:HRL) as a dividend stock recommended by our stock screening tool. NYSE:HRL maintains a robust financial footing and delivers a sustainable dividend. We'll delve into the details below.

Looking at the Dividend

ChartMill assigns a Dividend Rating to each stock, ranging from 0 to 10. This rating is calculated by analyzing various dividend elements, such as yield, historical performance, dividend growth, and sustainability. NYSE:HRL has been awarded a 7 for its dividend quality:

  • Compared to an average industry Dividend Yield of 3.42, HRL pays a better dividend. On top of this HRL pays more dividend than 84.78% of the companies listed in the same industry.
  • HRL's Dividend Yield is a higher than the S&P500 average which is at 2.45.
  • The dividend of HRL is nicely growing with an annual growth rate of 8.23%!
  • HRL has paid a dividend for at least 10 years, which is a reliable track record.
  • HRL has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
  • The dividend of HRL is growing, but earnings are growing more, so the dividend growth is sustainable.

Understanding NYSE:HRL's Health

A critical element of ChartMill's stock evaluation is the Health Rating, which spans from 0 to 10. This rating considers multiple health factors, including liquidity and solvency, both in absolute terms and relative to industry peers. NYSE:HRL has received a 5 out of 10:

  • An Altman-Z score of 3.87 indicates that HRL is not in any danger for bankruptcy at the moment.
  • The Altman-Z score of HRL (3.87) is better than 81.52% of its industry peers.
  • Looking at the Debt to FCF ratio, with a value of 4.26, HRL is in the better half of the industry, outperforming 78.26% of the companies in the same industry.
  • A Debt/Equity ratio of 0.30 indicates that HRL is not too dependend on debt financing.
  • The Debt to Equity ratio of HRL (0.30) is better than 61.96% of its industry peers.

What does the Profitability looks like for NYSE:HRL

ChartMill's Profitability Rating offers a unique perspective on stock analysis, providing scores from 0 to 10. These ratings consider a wide range of profitability metrics and margins, both in comparison to industry peers and on their own merits. For NYSE:HRL, the assigned 5 is a significant indicator of profitability:

  • HRL has a Return On Assets of 5.90%. This is in the better half of the industry: HRL outperforms 71.74% of its industry peers.
  • Looking at the Return On Equity, with a value of 10.26%, HRL is in the better half of the industry, outperforming 67.39% of the companies in the same industry.
  • The Return On Invested Capital of HRL (7.43%) is better than 71.74% of its industry peers.
  • HRL has a Profit Margin of 6.55%. This is in the better half of the industry: HRL outperforms 73.91% of its industry peers.
  • HRL's Operating Margin of 8.73% is fine compared to the rest of the industry. HRL outperforms 75.00% of its industry peers.

More Best Dividend stocks can be found in our Best Dividend screener.

Check the latest full fundamental report of HRL for a complete fundamental analysis.

Keep in mind

This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.

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HORMEL FOODS CORP

NYSE:HRL (5/17/2024, 7:04:29 PM)

After market: 36.31 0 (0%)

36.31

+0.22 (+0.61%)

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