Hormel Foods Corporation Declares Quarterly Dividend

Rhea-AI Summary

Hormel Foods Corporation (NYSE: HRL) declared a quarterly dividend of 23.25 cents per share, to be paid on November 16, 2020. This will mark the 369th consecutive quarterly dividend paid since the company went public in 1928. Stockholders of record as of October 19, 2020 will receive this payment. Hormel has maintained regular dividend payments without interruption, reinforcing its stability and commitment to returning value to shareholders.

Positive

• Quarterly dividend of 23.25 cents per share enhances shareholder returns.
• 369th consecutive dividend reflects strong company performance and reliability.

Negative

• None.

AUSTIN, Minn., Sept. 29, 2020 /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 23.25 cents ($0.2325) a share on September 29, 2020, will be paid November 16, 2020, to stockholders of record at the close of business on October 19, 2020.

The November 16 payment will be the 369^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 $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 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.™ — 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

 

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SOURCE Hormel Foods Corporation

FAQ

What is the dividend amount declared by Hormel Foods Corporation for Q4 2020?

Hormel Foods Corporation declared a quarterly dividend of 23.25 cents per share.

When will Hormel Foods Corporation's dividend be paid?

The dividend will be paid on November 16, 2020.

Who is eligible for the dividend payment from Hormel Foods Corporation?

Stockholders of record as of October 19, 2020, are eligible for the dividend payment.

How long has Hormel Foods Corporation been paying dividends?

Hormel Foods Corporation has paid dividends without interruption since becoming a public company in 1928.