5 Best October Dividend Stocks To Buy

4. Hormel Foods Corporation (NYSE:HRL)

Ex-Dividend Date: October 13

Hormel Foods Corporation (NYSE:HRL) is a Minnesota-based multinational food company that specializes in producing and marketing a wide range of food products. The company is a Dividend King with 57 consecutive years of dividend growth under its belt. It currently pays a quarterly dividend of $0.275 per share and has a dividend yield of 2.89%, as of October 4. The stock will be trading ex-dividend on October 13.

As of the close of the second quarter of 2023, 24 hedge funds in Insider Monkey’s database reported having stakes in Hormel Foods Corporation (NYSE:HRL), compared with 30 in the previous quarter. The collective value of these stakes is over $267.2 million.

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