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Hormel Stock To Go Ex-dividend Tomorrow (HRL)

NEW YORK (TheStreet) -- The ex-dividend date for Hormel Foods Corporation (NYSE:HRL) is tomorrow, July 18, 2013. Owners of shares as of market close today will be eligible for a dividend of 17 cents per share. At a price of $41.54 as of 9:30 a.m. ET, the dividend yield is 1.7%.

The average volume for Hormel has been 914,500 shares per day over the past 30 days. Hormel has a market cap of $10.91 billion and is part of the consumer goods sector and food & beverage industry. Shares are up 32% year to date as of the close of trading on Tuesday.

Hormel Foods Corporation processes, markets, and sells consumer-branded meat and food products. The company operates in five segments: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, Specialty Foods, and International & Other.

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TheStreet Ratings rates Hormel as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Hormel Ratings Report.

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