Company: Hormel Foods Corp. (HRL)
*DRIP Club Members are able to acquire or list a share of a company on the DRIP Exchange Page.
Company Profile: Historically meat-focused, Hormel Foods broadened its lineup to include other protein offerings and become a branded food company. The firm sells its wares through multiple channels, including US retail (64% of fiscal 2023 sales), US food service (30%), and international (6%). By product, 70% of fiscal 2023 sales were from perishable food and 30% from shelf-stable. Major brands include Hormel, Spam, Jennie-O, Columbus, Applegate, Planters, and Skippy. Many of these hold the number one or two market share in their respective categories. -Morningstar.com-
Symbol: HRL
Recent Price: $32.02
Dividends: $1.13
Yield: 3.53%
Sector: Consumer Defensive
Industry: Packaged Foods
Address & Company Phone #: 1 Hormel Place Austin MN 55912-3680, 507-437-5611
Transfer Agent: Equiniti Group plc. 877-536-3559
Moody’s Rating: A1
Minimum & Maximum Investment: $25 – $20,000/quarter
Investment Dates: Every 30 days beginning 1/15
Shares to Qualify: 1 Share
Fees: Div.:$0 Cash: $0 Cert: $0 Sells: by Mail, Fax or Phone (IVR) for $15+12¢/sh.
52 Week High & Low: $41.73, $28.51