Should Income Investors Buy This Dividend King?
When executed properly, the dividend growth investing strategy can help take investors to the promised land of personal finance: financial freedom. Given that the best businesses up their sales and profits over time, it shouldn't be surprising to learn that they often reward shareholders with higher dividends as well.
Having boosted its quarterly dividend for 57 years straight, the consumer staple Hormel Foods (NYSE: HRL) meets the 50-year requirement to be a Dividend King. For context, this puts the company among just 47 other official Dividend Kings and two "unofficial" Dividend Kings.
But is the stock worth buying for dividend growth investors? Let's dig into Hormel's fundamentals and valuation to resolve this question.
Source Fool.com
