NEW YORK ( TheStreet) -- The ex-dividend date for Hormel Foods Corporation (NYSE: HRL) is tomorrow, October 19, 2011. Owners of shares as of market close today will be eligible for a dividend of 13 cents per share. At a price of $28.49 as of 9:30 a.m. ET, the dividend yield is 1.8%. The average volume for Hormel has been 1.3 million shares per day over the past 30 days. Hormel has a market cap of $7.7 billion and is part of the consumer goods sector and food & beverage industry. Shares are up 12.6% year to date as of the close of trading on Monday. Hormel Foods Corporation, together with its subsidiaries, produces and markets various meat and food products in the United States and Internationally. It offers meat products, including fresh, frozen, cured, smoked, cooked, and canned meat. The company has a P/E ratio of 16.4, equal to the average food & beverage industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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