Analyzing NYSE:HRL's Dividend Potential.

Our stock screening tool has identified HORMEL FOODS CORP (NYSE:HRL) as a strong dividend contender with robust fundamentals. NYSE:HRL exhibits commendable financial health and profitability, all while offering a sustainable dividend. Let's delve into each aspect below.

What does the Dividend looks like for NYSE:HRL

ChartMill assigns a Dividend Rating to every stock. This score ranges from 0 to 10 and evaluates the different dividend aspects, including the yield, the growth and sustainability. NYSE:HRL scores a 7 out of 10:

• HRL's Dividend Yield is rather good when compared to the industry average which is at 3.37. HRL pays more dividend than 84.78% of the companies in the same industry.
• HRL's Dividend Yield is a higher than the S&P500 average which is at 2.45.
• On average, the dividend of HRL grows each year by 8.23%, which is quite nice.
• HRL has been paying a dividend for at least 10 years, so it has a reliable track record.
• HRL has not decreased their dividend for at least 10 years, which is a reliable track record.
• HRL's earnings are growing more than its dividend. This makes the dividend growth sustainable.

ChartMill's Evaluation of Health

Every stock is evaluated by ChartMill, receiving a Health Rating on a scale of 0 to 10. This assessment considers different health aspects, including liquidity and solvency, both in absolute terms and relative to industry peers. NYSE:HRL has achieved a 5 out of 10:

• An Altman-Z score of 3.84 indicates that HRL is not in any danger for bankruptcy at the moment.
• HRL has a Altman-Z score of 3.84. This is amongst the best in the industry. HRL outperforms 81.52% of its industry peers.
• HRL's Debt to FCF ratio of 4.26 is fine compared to the rest of the industry. HRL outperforms 78.26% of its industry peers.
• HRL has a Debt/Equity ratio of 0.30. This is a healthy value indicating a solid balance between debt and equity.
• HRL has a better Debt to Equity ratio (0.30) than 61.96% of its industry peers.

Assessing Profitability for NYSE:HRL

Discover ChartMill's exclusive Profitability Rating, a proprietary metric that assesses stocks on a scale of 0 to 10. It takes into consideration various profitability ratios and margins, both in absolute terms and relative to industry peers. Notably, NYSE:HRL has achieved a 5:

• With a decent Return On Assets value of 5.90%, HRL is doing good in the industry, outperforming 71.74% of the companies in the same industry.
• Looking at the Return On Equity, with a value of 10.26%, HRL is in the better half of the industry, outperforming 68.48% of the companies in the same industry.
• Looking at the Return On Invested Capital, with a value of 7.43%, HRL is in the better half of the industry, outperforming 70.65% of the companies in the same industry.
• With a decent Profit Margin value of 6.55%, HRL is doing good in the industry, outperforming 73.91% of the companies in the same industry.
• The Operating Margin of HRL (8.73%) is better than 75.00% of its industry peers.

More Best Dividend stocks can be found in our Best Dividend screener.

Our latest full fundamental report of HRL contains the most current fundamental analsysis.

Keep in mind

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.