As per Hormel Foods Corporation (NYSE:HRL)’s news release on 2016-05-24, its shareholders will get cash dividend of $0.145 per share. The recent press release updated on the record date and payout date, which stands at 2016-07-18 and 2016-08-15, respectively.
The stock of Hormel Foods Corporation (NYSE:HRL) will commence trading ex-dividend from 2016-07-14, until which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Hormel Foods Corporation (NYSE:HRL) disbursed $0.56 in dividend compared to distribution of $0.4, a year ago. It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 25%.
The past track record of five years substantiates that the average payout of Hormel Foods Corporation (NYSE:HRL) stands at $0.376, implying 18.9461% growth. The company recorded earnings of $0.28 a share in the preceding fiscal.
The interim price target for Hormel Foods Corporation (NYSE:HRL) is set at $34. This level is the mean price reached by averaging the stock views of 6 analysts. All these are top brokerages of Wall Street and trail the company’s performance regularly. The best price estimate is seen at $39 and the lowest level is established at 25.5. This broad range highlights a standard deviation of $4.969 in reported estimates.
AlphaOne has allotted A sentiment score of -0.159 to Hormel Foods Corporation (NYSE:HRL) while impact score assigned is 88 as on as on 2016-07-16.
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