Hormel Foods Corporation Declares Quarterly Dividend

Rhea-AI Summary

Hormel Foods (NYSE: HRL) announced its quarterly dividend of 28.25 cents per share on May 20, 2024.

The dividend is set to be paid on August 15, 2024, to shareholders on record as of July 15, 2024.

This marks the 384th consecutive quarterly dividend payment by Hormel since it became a public company in 1928.

Hormel Foods is a Fortune 500 global branded food company.

Positive

• Quarterly dividend declared at 28.25 cents per share.
• Payment date set for August 15, 2024.
• Record date is July 15, 2024.
• 384th consecutive quarterly dividend payment.
• Consistent dividend payments since becoming public in 1928.

Negative

• None.

AUSTIN, Minn., May 20, 2024 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, today announced its quarterly dividend on the common stock, authorized by the Board of Directors at 28.25 cents ($0.2825) a share on May 20, 2024, will be paid August 15, 2024, to stockholders of record at the close of business on July 15, 2024.

The August 15 payment will be the 384^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 $12 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 one of the best companies to work for by U.S. News & World Report, one of America's most responsible companies by Newsweek, recognized on Fast Company's list of the 100 Best Workplaces for Innovators, received a perfect score of 100 on the 2023–24 Corporate Equality Index 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.

CONTACT:
Investor Relations
ir@hormel.com

Media Relations: 
media@hormel.com

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SOURCE Hormel Foods Corporation

FAQ

What is the dividend amount declared by Hormel Foods for August 2024?

Hormel Foods declared a quarterly dividend of 28.25 cents per share for August 2024.

When will Hormel Foods pay the next dividend?

Hormel Foods will pay the next dividend on August 15, 2024.

What is the record date for Hormel Foods 's August 2024 dividend payment?

The record date for Hormel Foods 's August 2024 dividend payment is July 15, 2024.

How many consecutive quarterly dividends has Hormel Foods paid?

Hormel Foods has paid 384 consecutive quarterly dividends.

What is the stock symbol for Hormel Foods ?

The stock symbol for Hormel Foods is HRL.