Hormel Foods Corporation Declares Quarterly Dividend

Rhea-AI Summary

Hormel Foods Corporation (NYSE: HRL) announced a quarterly dividend of $0.2450 per share, set to be paid on May 17, 2021, to shareholders of record by April 12, 2021. This marks the 371st consecutive quarterly dividend paid by the company, which has maintained this record since becoming public in 1928. Hormel Foods, with annual revenue exceeding $9 billion, is known for brands like SKIPPY and SPAM.

Positive

• Quarterly dividend of $0.2450 enhances income for shareholders.
• 371st consecutive quarterly dividend paid reflects company stability.
• Strong annual revenue exceeding $9 billion indicates robust financial health.

Negative

• None.

AUSTIN, Minn., March 22, 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 March 22, 2021, will be paid May 17, 2021, to stockholders of record at the close of business on April 12, 2021.

The May 17 payment will be the 371^st 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

 

View original content to download multimedia:http://www.prnewswire.com/news-releases/hormel-foods-corporation-declares-quarterly-dividend-301253171.html

SOURCE Hormel Foods Corporation

FAQ

What is the dividend amount for HRL announced by Hormel Foods?

The dividend amount is $0.2450 per share.

When will the dividend for HRL be paid?

The dividend will be paid on May 17, 2021.

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

The record date for the dividend payment is April 12, 2021.

How long has Hormel Foods been paying dividends?

Hormel Foods has paid dividends continuously since 1928.

Is Hormel Foods a dividend aristocrat?

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