Hormel Foods Corporation Declares Quarterly Dividend

Rhea-AI Summary

Hormel Foods Corporation (NYSE: HRL) announced a quarterly dividend of $0.26 per share, approved by the Board of Directors on March 28, 2022. The dividend will be paid on May 16, 2022, to stockholders of record by April 11, 2022. This marks the 375th consecutive quarterly dividend paid by the company since going public in 1928, demonstrating its commitment to returning income to shareholders and financial stability.

Positive

• Declared quarterly dividend of $0.26 per share.
• 375th consecutive quarterly dividend payment since 1928.
• Reflects strong commitment to shareholder returns.

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• None.

AUSTIN, Minn., March 28, 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 March 28, 2022, will be paid May 16, 2022, to stockholders of record at the close of business on April 11, 2022.

The May 16 payment will be the 375^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 80 countries worldwide. Its brands include Planters^®, 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.

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 for HRL in 2022?

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

When will the HRL dividend be paid?

The HRL dividend will be paid on May 16, 2022.

What is the record date for the HRL dividend?

The record date for the HRL dividend is April 11, 2022.

How many consecutive dividends has HRL paid?

Hormel Foods Corporation has paid 375 consecutive quarterly dividends.