6% dividend yield with turnaround momentum.
Hormell is a defensive turnaround with a growing dividend—explicitly a 6% dividend yield—while margins and growth are said to be turning up.
The setup is that Hormell has been raising the dividend every year for 65 years, while recent earnings are characterized as “shot the lights out.” The claim ties the next leg to margin expansion and the business “starting to turn the corner,” making it a value-for-defensives candidate.
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