Hormel Foods Corp
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Consumer Staples : Food Products | Mid Cap Blend
Company profile

Hormel Foods Corporation is engaged in the production of a range of meat and food products. The Company operates through four segments: Grocery Products, which is engaged in the processing, marketing and sale of shelf-stable food products sold for the retail market and health and also consists of nutrition products, including Muscle Milk protein products.; Refrigerated Foods, which consists of the processing, marketing and sale of branded and unbranded pork, beef, chicken and turkey products for retail, foodservice and fresh product customers; Jennie-O Turkey Store (JOTS), which consists of the processing, marketing and sale of branded and unbranded turkey products for retail, foodservice and fresh product customers; and International & Other, which includes Hormel Foods International Corporation, which manufactures, markets and sells the Company products internationally.

Postmarket

Last Trade
Delayed
$0.00
0.00 (0.00%)
Bid
--
Ask
--
B/A Size
--

Market Hours

Closing Price
$44.87
Day's Change
0.90 (2.05%)
Bid
--
Ask
--
B/A Size
--
Day's High
44.99
Day's Low
43.89
Volume
(Heavy Day)
Volume:
6,809,027

10-day average volume:
2,525,067
6,809,027

Hormel Foods Announces 55th Consecutive Increase to Annual Dividend

5:00 pm ET November 23, 2020 (PR Newswire) Print

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.

https://mma.prnewswire.com/media/446407/Hormel_Foods_Corporate_Logo.jpg

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. (TM) 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(R), SPAM(R), Hormel(R) Natural Choice(R), Applegate(R), Justin's(R), Wholly(R), Hormel(R) Black Label(R), Columbus(R) 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.(TM) -- 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
                  media@hormel.com
Investor Contact: Nathan Annis
                  507-437-5248
                  ir@hormel.com

https://c212.net/c/img/favicon.png?sn=CG01613&sd=2020-11-23

View original content to download multimedia:http://www.prnewswire.com/news-releases/hormel-foods-announces-55th-consecutive-increase-to-annual-dividend-301179256.html

SOURCE Hormel Foods Corporation

https://rt.prnewswire.com/rt.gif?NewsItemId=CG01613&Transmission_Id=202011231700PR_NEWS_USPR_____CG01613&DateId=20201123

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