Dividend Capture Strategy: 15 High Yield Stocks to Buy in April

6. Hormel Foods Corporation (NYSE:HRL)

Ex-Dividend Date: April 14

Dividend Yield as of March 30: 3.82%

Hormel Foods Corporation (NYSE:HRL) is an American multinational food processing company, based in Minnesota. During its recent earnings call, the company reaffirmed its leadership in the market, driven by its well-established and growing brands, including SPAM, Applegate, Hormel Black Label, and Jennie-O. These brands saw volume growth during the quarter while expanding their market share. In the food service segment, the company experienced broad-based growth across multiple categories, particularly in its premium offerings. Additionally, the international segment benefited from increased demand for its global brands and products, especially in the Chinese market.

In fiscal Q1 2025, Hormel Foods Corporation (NYSE:HRL) reported revenue of $2.99 billion, reflecting a nearly 1% decline from the same period a year earlier. Despite the drop, revenue still exceeded analysts’ expectations by $42 million. Operating income totaled $228 million, with an operating margin of 7.6%.

Hormel Foods Corporation (NYSE:HRL) also enjoys strong financial flexibility, with its cash and cash equivalents growing to $840.4 million in the most recent quarter, from $741.8 million in the year-ago period. The company also paid $155 million worth of dividends to shareholders. Its quarterly dividend sits at $0.29 per share for a 3.82% dividend yield, as of March 30. HRL is one of the best stocks for a dividend capture strategy as the company maintains a 51-year track record of consistent dividend growth.