1 Dividend Growth Stock Down 45% to Buy Right Now

You usually don't find great companies executing at the top of their game that also happen to be on sale. Stocks that are on sale are more commonly fallen angels, which are great companies that are facing some near-term hardship. From an investment point of view, the goal is to buy the fallen angels that seem likely to earn their wings again.That is the backstory behind Hormel Foods (NYSE: HRL) right now.If you are looking for a dividend growth stock the very first thing to consider here is Hormel's status as a Dividend King. It has raised its dividend every single year for 58 consecutive years. You don't build a streak like that without doing something right along the way. And, to focus on dividend growth, the annualized dividend growth rate over the past decade was a huge 11%. That's over 3 times the historical growth rate of inflation, which means the buying power of Hormel's dividend has been growing over time.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool