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.
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