HRL (Hormel Foods) Dividend Payout Ratio: 0.73 (As of Apr. 2026) — 30% Above Median

What is Hormel Foods Dividend Payout Ratio?

Hormel Foods HRL +1.88% 64 Dividend Payout Ratio is 0.73 as of Apr. 2026, which is 30% above its 10-year median of 0.56. GuruFocus rates HRL with a GF Score™ of 64/100 and a GF Value™ of $31.22 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 999 Consumer Packaged Goods companies, Hormel Foods ranks worse than 81.18% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Hormel Foods's Dividend Payout Ratio for the months ended in Apr. 2026 was 0.73.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Hormel Foods Corp is 0.83, which seems too high.

The historical rank and industry rank for Hormel Foods's Dividend Payout Ratio or its related term are showing as below:

HRL' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.35 Med: 0.56 Max: 0.85
Current: 0.83

During the past 13 years, the highest Dividend Payout Ratio of Hormel Foods was 0.85. The lowest was 0.35. And the median was 0.56.

HRL's Dividend Payout Ratio is ranked worse than
81.18% of 999 companies
in the Consumer Packaged Goods industry
Industry Median: 0.44 vs HRL: 0.83

As of today (2026-06-27), the Dividend Yield % of Hormel Foods is 4.39%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Hormel Foods was 5.91%. The lowest was 1.45%. And the median was 2.05%.

Hormel Foods's Dividends per Share for the months ended in Apr. 2026 was $0.29.

During the past 12 months, Hormel Foods's average Dividends Per Share Growth Rate was 1.70% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 3.70% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 4.60% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 8.70% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Hormel Foods was 20.20% per year. The lowest was 3.10% per year. And the median was 11.00% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Hormel Foods (NYSE:HRL) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Hormel Foods Dividend Payout Ratio Related Terms

Hormel Foods Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Hormel Foods's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Hormel Foods Dividend Payout Ratio Chart

Hormel Foods Annual Data

Trend

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Oct24

Oct25

Dividend Payout Ratio

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0.57

0.68

0.72

0.85

Hormel Foods Quarterly Data
	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24	Jan25	Apr25	Jul25	Oct25	Jan26	Apr26
Dividend Payout Ratio	Get a 7-Day Free Trial															0.83	0.83	0.91	0.86	0.73

HRL vs MKC, JBS, SJM: Dividend Payout Ratio Comparison

For the Packaged Foods subindustry, Hormel Foods's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Hormel Foods Dividend Payout Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Hormel Foods's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Hormel Foods's Dividend Payout Ratio falls into.

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64GF Score

Hormel Foods Corp HRL

Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.

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Hormel Foods Dividend Payout Ratio Calculation

Hormel Foods's Dividend Payout Ratio for the fiscal year that ended in Oct. 2025 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Oct. 2025 )	/	EPS without NRI (A: Oct. 2025 )
	=	1.16	/	1.37
	=	0.85

Hormel Foods's Dividend Payout Ratio for the quarter that ended in Apr. 2026 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Apr. 2026 )	/	EPS without NRI (Q: Apr. 2026 )
	=	0.293	/	0.4
	=	0.73

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 0.73 mean?

Hormel Foods (HRL) has a Dividend Payout Ratio of 0.73 as of Apr. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Hormel Foods and its competitors. This is 30% above median its historical median of 0.56. Over the past decade, Hormel Foods' Dividend Payout Ratio has ranged from 0.35 to 0.85. According to the industry distribution chart, Hormel Foods ranks #811 out of 999 companies in the Consumer Packaged Goods industry, placing it in the top 81.2%.

Is Hormel Foods' Dividend Payout Ratio too high?

Hormel Foods' current Dividend Payout Ratio of 0.73 is 30% above median its 10-year median of 0.56. Over the past 10 years, this metric has ranged from a low of 0.35 to a high of 0.85. The Consumer Packaged Goods industry median Dividend Payout Ratio is 0.44. Hormel Foods' value of 0.73 is 65.9% above this industry median. Based on the distribution chart, Hormel Foods ranks #811 out of 999 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Hormel Foods has a GF Score™ of 64/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.

How does Hormel Foods' Dividend Payout Ratio compare to MKC and JBS?

According to the Consumer Packaged Goods industry distribution chart, Hormel Foods ranks #811 out of 999 companies for Dividend Payout Ratio. This places Hormel Foods in the lower half of its industry. The industry median Dividend Payout Ratio is 0.44. Hormel Foods' value of 0.73 is 65.9% above this benchmark. Historically, Hormel Foods' own Dividend Payout Ratio has ranged from 0.35 to 0.85 over the past decade. While the company's 10-year median is 0.56 vs. the industry median of 0.44, Hormel Foods has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Dividend Payout Ratio for a Consumer Packaged Goods company?

The median Dividend Payout Ratio among Consumer Packaged Goods companies is 0.44, based on 999 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Hormel Foods's current Dividend Payout Ratio of 0.73 is 65.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Dividend Payout Ratio mean?

A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Hormel Foods and its competitors. For the Consumer Packaged Goods industry, the median Dividend Payout Ratio is 0.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hormel Foods's current Dividend Payout Ratio is 0.73, which is 30% above median its own 10-year median of 0.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Hormel Foods stock overvalued right now?

Based on GuruFocus' analysis, Hormel Foods (HRL) is currently considered Modestly Undervalued. The stock's GF Value™ is $31.22, compared to a current price of $26.51 — trading 15.1% below its estimated fair value. The current Dividend Payout Ratio is 0.73, which is 30% above median its 10-year median of 0.56 and 65.9% above the Consumer Packaged Goods industry median of 0.44. Hormel Foods' overall GF Score™ is 64/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Dividend Payout Ratio calculated?

Dividend Payout Ratio is calculated from a company's financial statements. For Hormel Foods (HRL), the current Dividend Payout Ratio is 0.73 as of Apr. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Hormel Foods (HRL) Overvalued in 2026?

Based on GuruFocus' analysis, Hormel Foods stock appears to be undervalued. The current stock price of $26.51 is trading 15.1% below its estimated GF Value™ of $31.22. GuruFocus considers Hormel Foods to be Modestly Undervalued.

Key valuation signals for HRL:

Dividend Payout Ratio: 0.73 (30% above median its 10-year median of 0.56)
GF Value™: $31.22 vs. price of $26.51 (15.1% below fair value)
GF Score™: 64/100 with 5 warning signs
Industry Position: 65.9% above the Consumer Packaged Goods median (#811 of 999)

No single metric tells the full story. See the HRL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Hormel Foods Business Description

Industry Consumer Defensive Consumer Packaged Goods

Comparable Companies MKC JBS SJM SFD DAR GIS PPC INGR CAG CPB XSWX:NESN XPAR:BN BOG:NUTRESA TSE:2802 SHSE:603288 NSE:NESTLEIND KHC SHSE:600887 SZSE:300999 SGX:F34

Other Exchanges HRL:Mexico 1HRL:Italy 0J5Z:UK HO7:Germany H1RL34:Brazil HRL:Austria

Address 1 Hormel Place, Austin, MN, USA, 55912-3680

Website https://www.hormelfoods.com

Historically meat-focused, Hormel Foods broadened its lineup to include other protein offerings and became a branded food company. The firm sells its wares through multiple channels, including US retail (61.6% of fiscal 2025 sales), US foodservice (32.6%), and international (5.9%). By product, 73% of fiscal 2025 sales were from perishable food and 27% 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.

64GF Score

Get the complete analysis for HRL

Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$26.51

Price

$31.22

GF Value

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