AUSTIN, Minn., Nov. 23, 2020 /PRNewswire/ -- The Board of
Directors of Hormel Foods Corporation (NYSE: HRL), a global branded
food company, today announced a 5 percent increase to the annual
dividend to shareholders, marking the 55th consecutive annual
dividend increase.
The annual dividend on the common stock of the corporation was
raised to $0.98 per share from $0.93 per
share.
The Board of Directors authorized the first quarterly dividend
of 24.50 cents ($0.2450) a share to be paid on Feb. 16,
2021, to stockholders of record at the close of business
on Jan. 11, 2021.
The Feb. 16 payment will be the 370th 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 more than 80 countries worldwide. Its brands
include SKIPPY®, SPAM®, Hormel®
Natural Choice®, Applegate®,
Justin's®, Wholly®, Hormel® Black
Label®, Columbus® 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 on the "Global
2000 World's Best Employers" list by Forbes magazine for three straight years, is
one of Fortune magazine's most admired companies, has appeared on
Corporate Responsibility Magazine's "The 100 Best Corporate
Citizens" list for 12 years in a row, and has received numerous
other awards and accolades for its corporate responsibility and
community service efforts. The company lives by its purpose
statement — Inspired People. Inspired Food.™ — to bring some
of the world's most trusted and iconic brands to tables across the
globe. For more information, visit www.hormelfoods.com
Media
Contact:
|
Rick
Williamson
|
|
507-434-6352
|
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media@hormel.com
|
|
|
Investor
Contact:
|
Nathan
Annis
|
|
507-437-5248
|
|
ir@hormel.com
|
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SOURCE Hormel Foods Corporation