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Hormel Yields 5.5% After a 40% Stock Decline. Is Its Dividend Safe?
The company’s $534 million in free cash flow fell short of $633 million in dividends, leaving cash reserves to cover payouts.
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Hormel Yields 5.5% After a 40% Stock Decline. Is Its Dividend Safe?
Hormel has raised its dividend for 60 straight years, but shrinking raises, a stock that lost nearly 40% of its value, and a payout that once outpaced free cash flow put the next increase in question.
Coverage Details
Total News Sources4
Leaning Left1Leaning Right0Center2Last Updated67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
L 33%
C 67%
Factuality
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