Look for a Dividend Increase from Hormel

In Friday’s CWS Market Review, I said that it’s not important for investors to predict the future. Our strategy around here is to predict things with very, very, very high odds.

For example, I’m going to predict that Hormel Foods (HRL) will soon raise their dividend. This is not due to a genius insight on my part. Rather, it’s that Hormel has raised their dividend for the last 50 years in a row. I feel safe predicting #51. Also, their dividend announcements usually come just before Thanksgiving.

Here’s a look at Hormel’s dividends over the last 26 years.

Posted by Eddy Elfenbein on November 14th, 2016 at 1:32 pm

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