Reported 3 days ago
Hormel Foods (NYSE: HRL), a Dividend King with a 3.6% yield, is currently undervalued and presents a compelling opportunity for long-term dividend investors. Controlled by The Hormel Foundation, the company prioritizes sustainable dividend growth, having increased its dividends for 58 consecutive years. Despite facing challenges like inflation and supply chain issues, Hormel has a solid track record and is taking strategic actions to boost demand and navigate current hurdles. As shares are currently at a lower valuation, long-term investors can benefit from this dip before a potential recovery.
Source: YAHOO