Inflation is eating away at your wallet, but it's also putting a great deal of pressure on companies like Hormel (NYSE: HRL) and Unilever (NYSE: UL). Peltz, meanwhile, helped Unilever competitor Procter & Gamble (NYSE: PG) successfully make basically the same transition a few years ago. Now add the fact that the dividend has grown at an annualized rate of more than 10% over the past decade, and growth and income investors should find even this modest yield very attractive.