Hormel Foods Corporation Declares Quarterly Dividend

Rhea-AI Summary

Hormel Foods Corporation (NYSE: HRL) has declared a quarterly dividend of $0.26 per share, payable on August 15, 2022, to stockholders recorded by July 11, 2022. This marks the 376th consecutive quarterly dividend since the company went public in 1928. Hormel Foods is a globally recognized brand with over $11 billion in annual revenue, offering well-known brands such as SPAM® and Jennie-O®. The firm is part of the S&P 500 Index and the S&P 500 Dividend Aristocrats, reflecting its commitment to returning value to shareholders.

Positive

• Quarterly dividend of $0.26 per share indicates ongoing financial strength.
• 376th consecutive quarterly dividend demonstrates commitment to shareholder returns.
• Strong brand portfolio contributes to annual revenue exceeding $11 billion.

Negative

• None.

AUSTIN, Minn., May 23, 2022 /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 26 cents ($0.26) a share on May 23, 2022, will be paid August 15, 2022, to stockholders of record at the close of business on July 11, 2022.

The August 15 payment will be the 376^th 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 $11 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 Relations
(507) 437-5248	(507) 434-6352
ir@hormel.com	media@hormel.com

 

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SOURCE Hormel Foods Corporation

FAQ

What is the dividend amount declared by Hormel Foods for August 2022?

Hormel Foods has declared a dividend of $0.26 per share for August 2022.

When will Hormel Foods pay its quarterly dividend?

The quarterly dividend will be paid on August 15, 2022.

What is the record date for Hormel Foods' dividend?

The record date for the dividend is July 11, 2022.

How many consecutive quarterly dividends has Hormel Foods paid?

Hormel Foods has paid 376 consecutive quarterly dividends.

What is Hormel Foods' annual revenue?

Hormel Foods has an annual revenue of over $11 billion.