15 Best Dividend Aristocrat Stocks with Over 3% Yield

5. Hormel Foods Corporation (NYSE:HRL)

Dividend Yield as of March 29: 3.82%

Hormel Foods Corporation (NYSE:HRL) is a Minnesota-based multinational food processing company. In fiscal Q1 2025, the company reported a revenue of $2.99 billion, which declined by nearly 1% from the same period last year. However, the revenue surpassed analysts’ estimates by $42 million. Its operating income came in at $228 million, and its operating margin stood at 7.6%.

In its earnings call, Hormel Foods Corporation (NYSE:HRL) reaffirmed its position as a market leader because of its flagship and rising brands, such as SPAM, Applegate, Hormel Black Label, and Jennie-O. These brands grew volumes during the quarter while gaining share in their respective categories. In its food service segment, the company achieved broad-based growth across numerous categories, most notably in its premium offerings. The international segment also benefitted from the growth of its global brands and products in the Chinese market.

Hormel Foods Corporation (NYSE:HRL) ended the quarter with $840.4 million available in cash and cash equivalents, up from $741.8 million in the prior-year period. During the quarter, the company returned $155 million to shareholders through dividends. Currently, it pays a quarterly dividend of $0.29 per share and has a dividend yield of 3.82%, as of March 29. One of the best dividend aristocrat stocks on our list, HRL has been rewarding shareholders with growing dividends for 51 consecutive years.