Here's Why Hormel's Weak U.S. Volumes Are a Good Thing
The stock of Hormel Foods (NYSE: HRL) is offering investors a 2.1% dividend yield, which is toward the high end of the company's long-term range. For those seeking a Dividend King with an incredible history of sizable annual dividend increases, now is the time to start looking at this food maker.
One potential negative regarding an investment in Hormel stock is that the company's first-quarter volumes were down, which means it was selling fewer goods. Only there's more to that story than meets the eye. Let me explain.
Image source: Getty Images.
Source Fool.com