HRL stock price movement indicates a consolidation phase around the $33 mark, with technical charts showing support near $32.50 and resistance at $34. Dividend stocks become increasingly popular when companies grow their payouts regularly. Historically, dividend growth stocks have performed better than their peers and have shown less volatility. The dividend growth track records, backed by solid fundamentals, offer reliable investment options to income investors. According to a report by Nuveen, dividend growth stocks have outperformed other asset classes with less risk. The report revealed that companies with strong dividend growth streaks delivered an annual average return of over 10% between 1973 to 2024, as compared to a 4.2% return of non-dividend paying stocks. During this period, dividend cutters delivered a nearly -2% return. Sign up for free newsletters and get more CNBC delivered to your inbox Traders watch for breakout signals ahead of quarterly earnings.