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On the subject of dividends, Hormel typically announces and declares the increase in the annual dividend in the first quarter of the fiscal year and I fully expect Hormel to declare that raised dividend in the next few months (it happened in November last year). I won't sit here and speculate by how much, but I am as close to certain as I can be that it will indeed be raised.To compare Hormel with peers, there are three other food/drink companies on the Dividend King list. The following table shows their P/E and payout ratios as a basis for why I did iPhone Cases not select them, followed by a reinforcing points that made the choice quite clear.

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