Growth & Income 846

These shares give you the opportunity to enjoy cash flow via dividends, as well as appreciation.

Hormel Foods Corporation (HRL) | Daily Alert September 27
Hormel Foods produces and markets a variety of meat and food products in the U.S. and internationally.

The company’s business is reported under four segments: 1) Grocery Products; 2) Refrigerated Foods; 3) Jennie-O Turkey Store (JOTS); and 4) International & Other. HRL sells food products under four classes: 1) Perishable; 2) Poultry; 3) Shelf-stable; and 4) Miscellaneous.

In February 2021, HRL announced that it has signed an agreement with Kraft Heinz to purchase the Planters business for $3.35B in cash. HRL will acquire four brands under the acquisition: 1) Planters; 2) Nut-rition; 3) Cheez Balls; and 4) Corn Nuts.

HRL has a strong track record of returning cash to shareholders through share repurchases and dividends. As a member of the S&P 500 Dividend Aristocrats Index, HRL has increased dividend payments for 55 consecutive years.
Kelley Wright, IQ Trends, iqtrends.com, info@iqtrends.com, 866.927.5250, Mid-September 2021

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Enter Your Log In Credentials

This setting should only be used on your home or work computer.

Need Assistance?

Call Financial Freedom Federation Customer Service at
(800) 777-2658

Send this to a friend