5 Best April Dividend Stocks To Buy

3. Hormel Foods Corporation (NYSE:HRL)

Ex-Dividend Date: April 14
Dividend Yield as of March 31: 2.80%

Hormel Foods Corporation (NYSE:HRL) is an American multinational food processing company, based in Minnesota. In March, Stephens maintained an Equal Weight rating on the stock with a $47 price target, after the company announced its first-quarter earnings. The firm expects the company to show improvement in profitability.

Hormel Foods Corporation (NYSE:HRL), one of the best dividend stocks, will trade ex-dividend on April 14. The company currently pays a quarterly dividend of $0.275 per share with a dividend yield of 2.80%, as recorded on March 31. It has been raising its dividends consistently for the past 57 years.

At the end of Q4 2022, 28 hedge funds tracked by Insider Monkey reported owning stakes in Hormel Foods Corporation (NYSE:HRL), worth over $490.6 million collectively. With over 2 million shares, Bill & Melinda Gates Foundation Trust was the company’s leading stakeholder in Q4.