AUSTIN,
Minn., Nov. 20, 2023 /PRNewswire/ -- The Board of
Directors of Hormel Foods Corporation (NYSE: HRL), a Fortune 500
global branded food company, today announced a 3 percent increase
to the annual dividend to shareholders, marking the 58th
consecutive annual dividend increase.
The annual dividend on the common stock of the Corporation was
raised to $1.13 per share from $1.10 per
share.
The Board of Directors authorized the first quarterly dividend
of 28.25 cents ($0.2825) a
share to be paid on Feb. 15, 2024, to stockholders of record
at the close of business on Jan. 16, 2024.
The Feb. 15 payment will be the 382nd 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 $12 billion in
annual revenue across more than 80 countries worldwide. Its brands
include Planters®, Skippy®,
SPAM®, Hormel® Natural Choice®,
Applegate®, Justin's®, Wholly®,
Hormel® Black Label®,
Columbus®, Jennie-O® 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 years, is one of
Fortune magazine's most admired companies, has appeared on the "100
Best Corporate Citizens" list by 3BL Media 13 times, 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.
Investor
Relations
|
Media
Relation
|
ir@hormel.com
|
media@hormel.com
|
View original content to download
multimedia:https://www.prnewswire.com/news-releases/hormel-foods-corporation-announces-58th-consecutive-increase-to-the-annual-dividend-301994039.html
SOURCE Hormel Foods Corporation