The ex-dividend date for Hormel Foods Corporation (NYSE:HRL) is tomorrow, April 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 $40.73 as of 10 a.m., the dividend yield is 1.7%.
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- The ex-dividend date for Hormel Foods Corporation (NYSE: HRL) is tomorrow, April 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 $40.73 as of 10 a.m. ET, the dividend yield is 1.7%. The average volume for Hormel has been 877,000 shares per day over the past 30 days. Hormel has a market cap of $10.7 billion and is part of the consumer goods sector and food & beverage industry. Shares are up 31.6% year to date as of the close of trading on Tuesday. Hormel Foods Corporation engages in the production and marketing of various meat and food products. Its meat products include fresh, frozen, cured, smoked, cooked, and canned meat. The company has a P/E ratio of 21.7, above the S&P 500 P/E ratio of 17.7.
EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.
TheStreet Ratings rates Hormel as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Hormel Ratings Report. See our dividend calendar or top-yielding stocks list. It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.