Hormel Foods Corporation Declares Quarterly Dividend

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Hormel Foods Corporation (NYSE: HRL) has declared a quarterly dividend of $0.26 per share, to be paid on November 15, 2022, for stockholders of record by October 17, 2022. This marks the 377th consecutive quarterly dividend since the company went public in 1928, demonstrating its long-standing commitment to returning value to shareholders. Hormel Foods operates globally, generating over $11 billion in annual revenue and is recognized as a member of the S&P 500 Dividend Aristocrats.

Positive

• Declared a quarterly dividend of $0.26 per share.
• 377th consecutive quarterly dividend demonstrates financial stability.
• Company generates over $11 billion in annual revenue.

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• None.

AUSTIN, Minn., Sept. 26, 2022 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a Fortune 500 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 September 26, 2022, will be paid November 15, 2022, to stockholders of record at the close of business on October 17, 2022.

The November 15 payment will be the 377^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 (HRL) for 2022?

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

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

The next dividend will be paid on November 15, 2022.

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

The record date for the dividend is October 17, 2022.

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

Hormel Foods has paid 377 consecutive quarterly dividends.

Is Hormel Foods (HRL) considered a Dividend Aristocrat?

Yes, Hormel Foods is a member of the S&P 500 Dividend Aristocrats.