Hormel Foods: What Nobody Talks About
Hormel Foods (NYSE: HRL) is offering investors a historically high 2.1% dividend yield today -- and it's backed by a business with such iconic brands as SPAM, Planters, and Dinty Moore that have supported over five decades' worth of annual dividend increases.
But there's also one not-so-small factor behind the company's long-term success that many investors may not know. If you own Hormel or are considering owning it, here's one thing you might like to learn today.
When companies sell stock, the public broadly speaking is the majority owner. That said, big investors like pension funds, private equity shops, and asset managers often end up being the largest shareholders. That means they generally wield a huge amount of sway over companies -- often with good intentions. For example, Blackrock (NYSE: BLK) has made ESG investing a material focus of its exchange-traded funds (ETFs).
Source Fool.com
