Hormel Foods Corporation Declares Quarterly Dividend

Rhea-AI Summary

Hormel Foods Corporation (NYSE: HRL) declared a quarterly dividend of 24.50 cents per share on September 27, 2021. This dividend will be paid on November 15, 2021, to shareholders on record as of October 18, 2021. This payment marks the 373rd consecutive quarterly dividend since becoming public in 1928. Hormel Foods, generating over $10 billion in annual revenue, operates globally with numerous well-known brands, and is recognized as a member of the S&P 500 and Dividend Aristocrats.

Positive

• Dividend of 24.50 cents per share reinforces company commitment to returning value to shareholders.
• 373rd consecutive quarterly dividend demonstrates consistent performance and reliability.

Negative

• None.

AUSTIN, Minn., Sept. 27, 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 September 27, 2021, will be paid November 15, 2021, to stockholders of record at the close of business on October 18, 2021.

The November 15 payment will be the 373^rd 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 $10 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^® 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 declared by Hormel Foods on September 27, 2021?

Hormel Foods declared a dividend of 24.50 cents per share.

When will Hormel Foods pay its declared dividend?

The dividend will be paid on November 15, 2021.

What is the record date for the Hormel Foods dividend payment?

The record date for the dividend payment is October 18, 2021.

How many consecutive quarterly dividends has Hormel Foods paid?

Hormel Foods has paid 373 consecutive quarterly dividends.

Is Hormel Foods a member of the Dividend Aristocrats?

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