Dividends4Life: 1 of the Greatest Dividend Stocks Is Down 45% and Now Trades at a Once-in-a-Decade Valuation. Is It Finally a Buy Again?

When a company pays a dividend, it's a good thing for shareholders. When a company consistently pays a dividend every quarter, it's even better. And when a company can increase its dividend year after year because its profits are going up, it's a great thing.

If a dividend raise is a great thing, then Hormel Foods (NYSE: HRL) is one of the greatest dividend stocks there is. On Feb. 15, the company paid a dividend for the 382nd consecutive quarter. Moreover, this dividend was a 3% increase from its previous dividend, marking the 58th consecutive year that Hormel has raised its payment.

Source: Yahoo Finance

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