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Some income stocks are quietly cannibalizing the very assets that fund their dividends, and the math only works until it doesn't. Five familiar names show exactly how capex cuts and rising payouts can set a trap for yield-hungry investors.
HRL's Brakebush acquisition aims to expand value-added chicken, strengthen Foodservice and support growth, synergies and cash flows.
Hormel Foods (NYSE:HRL | HRL Price Prediction) has raised its dividend for 60 consecutive years, a record that puts it on nearly every retiree's short list.
Hormel Foods NYSE: HRL has agreed to acquire value-added chicken company Brakebush Brothers, LLC for approximately $1.055 billion in cash, a transaction the company said would expand its foodservice presence and increase its exposure to the chicken category.
Hormel Foods Corporation (HRL) M&A Call Transcript
Rising rates have boomers flocking to Treasuries, but five battle-tested dividend payers with 50-plus years of consecutive increases may offer something bonds simply cannot deliver.
The parent of Spam lunch meat and Skippy peanut butter expects the Brakebush acquisition will expand its position in value-added chicken.
Hormel Foods on Wednesday said it will buy family-owned chicken company Brakebush Brothers in a deal valued at $1.06 billion, as the Skippy peanut butter maker looks to expand its presence in value-added chicken.