How Hormel Foods, ALLETE, And Alliant Energy Can Put Cash In Your Pocket

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David Kirakosyan

Sat, Mar 29, 2025, 1:00 PM 3 min read

Companies with a agelong past of paying dividends and consistently hiking them stay appealing to income-focused investors. Hormel Foods, ALLETE, and Alliant Energy person rewarded shareholders for years and precocious announced dividend increases. These companies presently connection dividend yields of astir 3-4%.

Hormel Foods

Hormel Foods Corporation (NYSE:HRL) develops, processes, and distributes assorted meat, nuts, and different nutrient products to foodservice, convenience store, and commercialized customers successful the U.S. and internationally.

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Hormel Foods has raised its dividends each twelvemonth for the past 59 years. In its astir caller dividend hike announcement connected Nov. 25, the company's committee accrued the quarterly payout by 3% to $0.29 per share, adjacent to an yearly fig of $1.16 per share. Currently, the dividend output stands astatine 4.03%.

Hormel Foods’ yearly gross arsenic of Jan. 31 stood astatine $11.91 billion. In its Q1 2025 net merchandise connected Feb. 27, the institution posted revenues of $2.99 billion, beating the statement estimation of $2.93 billion, portion EPS of $0.35 came successful beneath the statement of $0.38.

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ALLETE

ALLETE (NYSE:ALE) operates arsenic an vigor institution successful 2 segments, Regulated Operations and ALLETE Clean Energy. It generates energy from coal-fired, biomass co-fired/natural gas, hydro, wind, and solar.

The institution has accrued its dividends consecutively for the past 14 years. According to its astir caller dividend hike announcement connected Jan. 30, its committee raised the quarterly payout by 3.5% to $0.73, equaling an yearly fig of $2.92 per share. Currently, the dividend output connected the banal is 4.46%.

ALLETE's yearly gross arsenic of Dec. 31 stood astatine $1.53 billion. In its astir caller net merchandise connected Feb. 13, the institution posted Q4 2024 revenues of $364.80 cardinal and EPS of $0.87. Both figures came successful beneath expectations.

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Alliant Energy

Alliant Energy Corporation (NASDAQ:LNT) operates arsenic a inferior holding institution that provides regulated electrical and earthy state services successful the U.S.