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Hormel Foods Corporation Announces 59th Consecutive Increase to the Annual Dividend

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Hormel Foods (NYSE: HRL) announced a 3% increase in its annual dividend, raising it from $1.13 to $1.16 per share. This marks the company's 59th consecutive annual dividend increase. The first quarterly dividend of $0.29 per share will be paid on February 18, 2025, to stockholders of record as of January 13, 2025. This represents the 386th consecutive quarterly dividend since becoming public in 1928. Hormel Foods, with approximately $12 billion in annual revenue across 80+ countries, continues its uninterrupted dividend payment history.

Hormel Foods (NYSE: HRL) ha annunciato un aumento del 3% del suo dividendo annuale, portandolo da $1.13 a $1.16 per azione. Questo segna il 59esimo aumento consecutivo del dividendo annuale dell'azienda. Il primo dividendo trimestrale di $0.29 per azione sarà pagato il 18 febbraio 2025, agli azionisti registrati al 13 gennaio 2025. Ciò rappresenta il 386esimo dividendo trimestrale consecutivo da quando è diventata pubblica nel 1928. Hormel Foods, con circa $12 miliardi di fatturato annuale in oltre 80 paesi, continua la sua storia ininterrotta di pagamento dei dividendi.

Hormel Foods (NYSE: HRL) anunció un aumento del 3% en su dividendo anual, elevándolo de $1.13 a $1.16 por acción. Esto marca el 59º aumento consecutivo del dividendo anual de la compañía. El primer dividendo trimestral de $0.29 por acción se pagará el 18 de febrero de 2025, a los accionistas registrados al 13 de enero de 2025. Esto representa el 386º dividendo trimestral consecutivo desde que se hizo pública en 1928. Hormel Foods, con aproximadamente $12 mil millones en ingresos anuales en más de 80 países, continúa su historia ininterrumpida de pago de dividendos.

호멜 푸드 (NYSE: HRL)는 연간 배당금을 3% 인상한다고 발표하며, 금액을 $1.13에서 $1.16 per 주식로 높였습니다. 이는 회사의 59번째 연속 배당금 인상을 의미합니다. 첫 번째 분기 배당금인 $0.29가 2025년 2월 18일에 2025년 1월 13일 현재 주주들에게 지급될 예정입니다. 이는 1928년 상장 이후 386번째 연속 분기 배당금에 해당합니다. 호멜 푸드는 80개 이상의 국가에서 연간 약 120억 달러의 수익을 기록하며, 중단 없는 배당금 지급 기록을 유지하고 있습니다.

Hormel Foods (NYSE: HRL) a annoncé une augmentation de 3% de son dividende annuel, le portant de $1.13 à $1.16 par action. Cela marque la 59ème augmentation annuelle consécutive du dividende de l'entreprise. Le premier dividende trimestriel de $0.29 par action sera payé le 18 février 2025, aux actionnaires inscrits au 13 janvier 2025. Cela représente le 386ème dividende trimestriel consécutif depuis son entrée en bourse en 1928. Hormel Foods, avec environ 12 milliards de dollars de revenus annuels dans plus de 80 pays, continue son histoire ininterrompue de paiement des dividendes.

Hormel Foods (NYSE: HRL) gab eine 3%ige Erhöhung seiner jährlichen Dividende bekannt, die von $1.13 auf $1.16 pro Aktie angehoben wird. Dies stellt die 59. aufeinanderfolgende jährliche Dividendenerhöhung des Unternehmens dar. Die erste vierteljährliche Dividende von $0.29 pro Aktie wird am 18. Februar 2025 an Aktionäre gezahlt, die am 13. Januar 2025 im Aktienregister stehen. Dies stellt die 386. aufeinanderfolgende vierteljährliche Dividende dar, seit das Unternehmen 1928 an die Börse ging. Hormel Foods, das jährliche Einnahmen von rund $12 Milliarden in über 80 Ländern erzielt, setzt seine ununterbrochene Geschichte der Dividendenzahlung fort.

Positive
  • 59 years of consecutive dividend increases demonstrates strong financial stability
  • 3% dividend increase to $1.16 per share annually
  • $12 billion in annual revenue across 80+ countries
  • 386 consecutive quarterly dividends paid since 1928
Negative
  • Modest 3% dividend growth rate may not exceed inflation

AUSTIN, Minn., Nov. 25, 2024 /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 59th consecutive annual dividend increase.

The annual dividend on the common stock of the Corporation was raised to $1.16 per share from $1.13 per share.

The Board of Directors authorized the first quarterly dividend of 29.00 cents ($0.2900) a share to be paid on February 18, 2025, to stockholders of record at the close of business on January 13, 2025.

The February 18, 2025 payment will be the 386th 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, Minnesota, is a global branded food company with approximately $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 one of the best companies to work for by U.S. News & World Report, one of America's most responsible companies by Newsweek, recognized by TIME magazine as one of the World's Best Companies, received a perfect score of 100 on the 2023–24 Corporate Equality Index 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 hormelfoods.com.

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SOURCE Hormel Foods Corporation

FAQ

What is Hormel Foods' (HRL) new annual dividend amount for 2025?

Hormel Foods' new annual dividend is $1.16 per share, increased from $1.13 per share.

When will Hormel Foods (HRL) pay its next quarterly dividend?

Hormel Foods will pay its next quarterly dividend of $0.29 per share on February 18, 2025.

What is the record date for Hormel Foods' (HRL) February 2025 dividend?

The record date for Hormel Foods' February 2025 dividend is January 13, 2025.

How many consecutive years has Hormel Foods (HRL) increased its dividend?

Hormel Foods has increased its dividend for 59 consecutive years.

Hormel Foods Corporation

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