Hormel Foods Corporation Declares Quarterly Dividend

Rhea-AI Summary

Hormel Foods Corporation (NYSE: HRL) has declared a quarterly dividend of 24.50 cents per share, set for payment on August 16, 2021. Stockholders of record by July 12, 2021 will receive this payment, marking the 372nd consecutive quarterly dividend since 1928. Hormel Foods, a global leader in branded food with annual revenues exceeding $9 billion, continues to honor its commitment to returning value to shareholders through its uninterrupted dividend history.

Positive

• Quarterly dividend of 24.50 cents per share.
• 372nd consecutive quarterly dividend paid, demonstrating financial stability.
• Commitment to shareholders with consistent dividend payments since 1928.

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• None.

AUSTIN, Minn., May 24, 2021 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a global branded food company, announced today that its quarterly dividend on the common stock, authorized by the Board of Directors at 24.50 cents ($0.2450) a share on May 24, 2021, will be paid August 16, 2021, to stockholders of record at the close of business on July 12, 2021.

The August 16 payment will be the 372^nd 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 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, 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:	Media Relations
	507-437-5345
	media@hormel.com
Investor Contact:	Nathan Annis
	507-437-5248
	ir@hormel.com

 

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SOURCE Hormel Foods Corporation

FAQ

What is the dividend amount for Hormel Foods (HRL) announced on May 24, 2021?

The dividend amount announced is 24.50 cents per share.

When will Hormel Foods (HRL) pay its declared dividend?

The dividend will be paid on August 16, 2021.

Who are eligible stockholders for Hormel Foods (HRL) dividend?

Stockholders of record by July 12, 2021, are eligible for the dividend.

How many consecutive dividends has Hormel Foods (HRL) paid?

Hormel Foods has paid 372 consecutive quarterly dividends.