1 Under-the-Radar Growth Stock to Buy and Hold
Hormel Foods (NYSE: HRL) owns Spam, a meat product that is often the butt of jokes. But that's just one of many brands it owns and, frankly, Spam is a growing business. Before you pass off Spam or the company that makes it as a joke, you need to read more about this Dividend King, its historically high yield, and admirable track record.
Hormel was founded in 1891. Today, the food producer has a market capitalization of around $24 billion, making it a pretty big player in the consumer staples space. It isn't nearly as prominent as peers like Kraft Heinz or General Mills, but don't let the company's under-the-radar status fool you. It's very attractive for dividend growth investors.
Image source: Getty Images.
Source Fool.com
