We think the company will likely keep its dividend payout streak alive, but maybe not at the current payout.
The bank resumed dividends a year ago for the first time since the 2008 crisis and the City had been concerned it would be unable to keep its promises on payouts.
The company is financially conservative, staying debt free and maintaining a solid dividend payout while keeping its payout ratio below 50%.
BT has already kept its interim payout at 8.7p this year, at a cost of £570m.
That along with Hormel's low 32% payout ratio should keep its dividend hikes coming, making your dividend reinvestments even meatier.
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Let's consider the case of Ventas, which kept on hiking its payout as Uncle Sam's 10-year IOU rallied from 2003 to 2006.
Santander, one of the few major banks to keep dividends unchanged after the 2008 global financial crisis, said on Thursday it would cut its payout from 2015 earnings to 20 cents per share against 60 cents previously.
BofA gave no indication it would reduce its payout.
Plus it's raised its payout for 31 years running.
