Current Yield
4.80%
TTM Dividend/Share
$1.17
Payment Frequency
Quarterly
Payout Ratio
137.1%
Consecutive Growth Years
25 (Dividend Champion)
Key takeaways
- Dividend Champion — Hormel Foods (HRL) has raised its dividend for 25 consecutive years.
- Hormel Foods (HRL) currently yields 4.80%, paying $1.17 per share over the trailing twelve months, distributed quarterly.
- Payout ratio is 137.1% — the share of earnings distributed as dividends.
- 5 of 8 dividend safety checks passed.
- 5-year dividend CAGR of 4.52% (growth is decelerating).
Dividend yield valuation for Hormel Foods (HRL)
Current dividend yield vs its own 1Y / 3Y / 5Y historical averages — a rough valuation signal.
Valuation zone | Above average — potential buy zone |
Current yield (now) | 4.80% |
1-year average yield | 4.85%now 0.05 pp below |
3-year average yield | 3.95%now 0.85 pp above |
5-year average yield | 3.26%now 1.54 pp above |
HRL: a yield above its history can signal value (or risk); below can signal a rich price. One valuation signal among many — review fundamentals before investing.
Dividend health for Hormel Foods (HRL)
Cash-flow, leverage and returns metrics that signal whether the dividend is well-covered and sustainable.
Chowder score | 9.3% |
FCF payout ratio | 23.2% |
Net debt / EBITDA | 2.0x |
Interest coverage | 8.94x |
ROIC (TTM) | 4.8% |
Dividend safety score for Hormel Foods (HRL)
Checks covering payout coverage, free-cash-flow support, leverage and dividend-growth durability.
5 of 8 checks passed
Payout ratio below 75%
Payout ratio is 137.1%, above the 75% threshold.
Free cash flow covers dividend
TTM FCF after dividends is $54M — FCF fully covers the payout.
No dividend cuts in 10+ years
No dividend cuts in the last 10 years.
Positive earnings growth trend
Earnings per share have declined over the past 5 years.
10+ years of consecutive growth
25 consecutive years of dividend growth.
FCF payout ratio below 70%
FCF payout ratio is 23.2%, below the 70% threshold.
Net Debt/EBITDA below 3x
Net Debt/EBITDA is 2.0x.
Dividend growth ≤ earnings growth (5Y)
Dividend growth (4.5%) exceeds EPS growth (-2.7%) — payout ratio expanding.
This analysis is for informational purposes only and is not financial advice. Safety scores and comparisons reflect historical data and do not predict future performance.
Per-payment dividend history
167 payments from 1985 to 2026 · Adj. Dividend is split-adjusted
| Jul 13, 2026 | Aug 17, 2026 | $0.2925 | $0.2925 |
| Apr 13, 2026 | May 15, 2026 | $0.2925 | $0.2925 |
| Jan 12, 2026 | Feb 17, 2026 | $0.2925 | $0.2925 |
| Oct 14, 2025 | Nov 17, 2025 | $0.2900 | $0.2900 |
| Jul 14, 2025 | Aug 15, 2025 | $0.2900 | $0.2900 |
| Apr 14, 2025 | May 15, 2025 | $0.2900 | $0.2900 |
| Jan 13, 2025 | Feb 18, 2025 | $0.2900 | $0.2900 |
| Oct 15, 2024 | Nov 15, 2024 | $0.2825 | $0.2825 |
| Jul 15, 2024 | Aug 15, 2024 | $0.2825 | $0.2825 |
| Apr 12, 2024 | May 15, 2024 | $0.2825 | $0.2825 |
| Jan 12, 2024 | Feb 15, 2024 | $0.2825 | $0.2825 |
| Oct 13, 2023 | Nov 15, 2023 | $0.2750 | $0.2750 |
- Jul 13, 2026$0.2925
- Apr 13, 2026$0.2925
- Jan 12, 2026$0.2925
- Oct 14, 2025$0.2900
- Jul 14, 2025$0.2900
- Apr 14, 2025$0.2900
- Jan 13, 2025$0.2900
- Oct 15, 2024$0.2825
- Jul 15, 2024$0.2825
- Apr 12, 2024$0.2825
- Jan 12, 2024$0.2825
- Oct 13, 2023$0.2750
Historical dividend yield for Hormel Foods (HRL)
Mean trailing dividend yield using one ratio snapshot per calendar year.Mean yield1Y: 4.85%5Y: 3.26%10Y: 2.54%
Dividend per share for Hormel Foods (HRL)
CAGR (per year)1Y: 2.65%5Y: 4.52%10Y: 8.78%↓ Decelerating
| Year | Total ($/share) | Payments |
|---|---|---|
| 1985 | $0.95 | 4 |
| 1986 | $0.56 | 4 |
| 1987 | $0.02 | 4 |
| 1988 | $0.02 | 4 |
| 1989 | $0.03 | 4 |
| 1990 | $0.03 | 4 |
| 1991 | $0.04 | 4 |
| 1992 | $0.04 | 4 |
| 1993 | $0.06 | 4 |
| 1994 | $0.06 | 4 |
| 1995 | $0.07 | 4 |
| 1996 | $0.07 | 4 |
| 1997 | $0.08 | 4 |
| 1998 | $0.08 | 4 |
| 1999 | $0.08 | 4 |
| 2000 | $0.09 | 4 |
| 2001 | $0.08 | 4 |
| 2002 | $0.10 | 4 |
| 2003 | $0.10 | 4 |
| 2004 | $0.11 | 4 |
| 2005 | $0.13 | 4 |
| 2006 | $0.14 | 4 |
| 2007 | $0.15 | 4 |
| 2008 | $0.18 | 4 |
| 2009 | $0.19 | 4 |
| 2010 | $0.21 | 4 |
| 2011 | $0.26 | 4 |
| 2012 | $0.30 | 4 |
| 2013 | $0.34 | 4 |
| 2014 | $0.40 | 4 |
| 2015 | $0.50 | 4 |
| 2016 | $0.58 | 4 |
| 2017 | $0.68 | 4 |
| 2018 | $0.75 | 4 |
| 2019 | $0.84 | 4 |
| 2020 | $0.93 | 4 |
| 2021 | $0.98 | 4 |
| 2022 | $1.04 | 4 |
| 2023 | $1.10 | 4 |
| 2024 | $1.13 | 4 |
| 2025 | $1.16 | 4 |
| 2026 | $0.88 | 3 |
Dividend growth for Hormel Foods (HRL)
Year-over-year change in total annual dividend per share (split-adjusted, by ex-dividend year). Green is an increase, red a cut.
Dividend Increase Track Record
Year-over-year change in total annual DPS (dividends per share, split-adjusted), based on ex-dividend date.
| 2026 | $1.1600 | — | — |
| 2025 | $1.1300 | $1.1600 | +2.7% |
| 2024 | $1.1000 | $1.1300 | +2.7% |
| 2023 | $1.0400 | $1.1000 | +5.8% |
| 2022 | $0.9800 | $1.0400 | +6.1% |
| 2021 | $0.9300 | $0.9800 | +5.4% |
| 2020 | $0.8400 | $0.9300 | +10.7% |
| 2019 | $0.7500 | $0.8400 | +12.0% |
| 2018 | $0.6800 | $0.7500 | +10.3% |
| 2017 | $0.5800 | $0.6800 | +17.2% |
| 2016 | $0.5000 | $0.5800 | +16.0% |
| 2015 | $0.4000 | $0.5000 | +25.0% |
| 2014 | $0.3400 | $0.4000 | +17.6% |
| 2013 | $0.3000 | $0.3400 | +13.3% |
| 2012 | $0.2550 | $0.3000 | +17.6% |
| 2011 | $0.2100 | $0.2550 | +21.4% |
| 2010 | $0.1900 | $0.2100 | +10.5% |
| 2009 | $0.1850 | $0.1900 | +2.7% |
| 2008 | $0.1500 | $0.1850 | +23.3% |
| 2007 | $0.1400 | $0.1500 | +7.1% |
| 2006 | $0.1300 | $0.1400 | +7.7% |
| 2005 | $0.1130 | $0.1300 | +15.0% |
| 2004 | $0.1050 | $0.1130 | +7.6% |
| 2003 | $0.0980 | $0.1050 | +7.1% |
| 2002 | $0.0755 | $0.0980 | +29.8% |
| 2001 | $0.0875 | $0.0755 | -13.7% |
| 2000 | $0.0825 | $0.0875 | +6.1% |
| 1999 | $0.0800 | $0.0825 | +3.1% |
| 1998 | $0.0775 | $0.0800 | +3.2% |
| 1997 | $0.0750 | $0.0775 | +3.3% |
| 1996 | $0.0713 | $0.0750 | +5.3% |
| 1995 | $0.0625 | $0.0713 | +14.0% |
| 1994 | $0.0550 | $0.0625 | +13.6% |
| 1993 | $0.0450 | $0.0550 | +22.2% |
| 1992 | $0.0375 | $0.0450 | +20.0% |
| 1991 | $0.0325 | $0.0375 | +15.4% |
| 1990 | $0.0275 | $0.0325 | +18.2% |
| 1989 | $0.0225 | $0.0275 | +22.2% |
| 1988 | $0.0188 | $0.0225 | +20.0% |
| 1987 | $0.5600 | $0.0188 | -96.7% |
| 1986 | $0.9464 | $0.5600 | -40.8% |
| 1985 | — | $0.9464 | — |
- 2026—
- 2025$1.1600
- 2024$1.1300
- 2023$1.1000
- 2022$1.0400
- 2021$0.9800
- 2020$0.9300
- 2019$0.8400
- 2018$0.7500
- 2017$0.6800
- 2016$0.5800
- 2015$0.5000
- 2014$0.4000
- 2013$0.3400
- 2012$0.3000
- 2011$0.2550
- 2010$0.2100
- 2009$0.1900
- 2008$0.1850
- 2007$0.1500
- 2006$0.1400
- 2005$0.1300
- 2004$0.1130
- 2003$0.1050
- 2002$0.0980
- 2001$0.0755
- 2000$0.0875
- 1999$0.0825
- 1998$0.0800
- 1997$0.0775
- 1996$0.0750
- 1995$0.0713
- 1994$0.0625
- 1993$0.0550
- 1992$0.0450
- 1991$0.0375
- 1990$0.0325
- 1989$0.0275
- 1988$0.0225
- 1987$0.0188
- 1986$0.5600
- 1985$0.9464
DPS sums split-adjusted amounts (adj. dividend) by ex-dividend calendar year—the same basis as the Adj. Dividend column in Dividend Payment History. The Dividend column can differ after stock splits. This table uses four decimals per annual total so the Change column matches the shown amounts; each payment row in Dividend Payment History also uses four.
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Hormel Foods (HRL) Key Financials
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