In the news release, Hormel Foods Announces 52nd Consecutive
Increase to Annual Dividend, issued 20-Nov-2017 by Hormel Foods Corporation over PR
Newswire, we are advised by the company that in the third
paragraph, first sentence, "Jan. 16,
2018" should read "Jan. 15,
2018" as originally issued inadvertently. The complete,
corrected release follows:
Hormel Foods Announces 52nd Consecutive Increase to Annual Dividend
AUSTIN, Minn., Nov. 20, 2017 /PRNewswire/ -- The Board of
Directors of Hormel Foods Corporation (NYSE: HRL), a multinational
marketer of consumer-branded food and meat products, today
announced a 10 percent increase to the annual dividend to
shareholders, marking the 52nd consecutive annual dividend
increase.
The annual dividend on the common stock of the corporation was
raised to $0.75 per share from
$0.68 per share.
The Board of Directors authorized the first quarterly dividend
of eighteen and three fourths cents (18.75¢) a share to be paid on
Feb. 15, 2018, to stockholders of
record at the close of business on Jan. 15,
2018.
The Feb. 15 payment will be the
358th consecutive quarterly dividend paid by the company. Since
becoming a public company in 1928, Hormel Foods Corporation has
paid a regular quarterly dividend without interruption.
About Hormel Foods – Inspired People. Inspired
Food.™
Hormel Foods Corporation, based in Austin, Minn., is a global branded food
company with over $9 billion in
annual revenue across 75 countries worldwide. Its brands include
SKIPPY®, SPAM®,
Hormel® Natural Choice®,
Applegate®, Justin's®,
Wholly Guacamole®, Hormel® Black
Label® and more than 30 other beloved brands. The
company is a member of the S&P 500 Index and the S&P 500
Dividend Aristocrats, was named one of "The 100 Best Corporate
Citizens" by Corporate Responsibility Magazine for the ninth year
in a row, and has received numerous other awards and accolades for
its corporate responsibility and community service efforts. In
2016, the company celebrated its 125th anniversary and
announced its new vision for the future - Inspired People.
Inspired Food.™ - focusing on its legacy of innovation. For
more information, visit www.hormelfoods.com and
https://csr.hormelfoods.com/.
Contact:
|
Richard M.
Williamson
|
|
507-437-5345
|
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media@hormel.com
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SOURCE Hormel Foods Corporation