{"id":387235,"date":"2020-11-23T17:03:36","date_gmt":"2020-11-23T22:03:36","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=387235"},"modified":"2020-11-23T17:03:36","modified_gmt":"2020-11-23T22:03:36","slug":"hormel-foods-announces-55th-consecutive-increase-to-annual-dividend","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/hormel-foods-announces-55th-consecutive-increase-to-annual-dividend\/","title":{"rendered":"Hormel Foods Announces 55th Consecutive Increase to Annual Dividend"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">AUSTIN, Minn.<\/span>, <span class=\"xn-chron\">Nov. 23, 2020<\/span> \/PRNewswire\/ &#8212;\u00a0The Board of Directors of Hormel Foods Corporation (NYSE: HRL), a global branded food company, today announced a 5 percent increase to the annual dividend to shareholders, marking the 55th consecutive annual dividend increase.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/446407\/Hormel_Foods_Corporate_Logo.html\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/446407\/Hormel_Foods_Corporate_Logo.jpg\" title=\"Hormel Foods corporate logo\" alt=\"Hormel Foods corporate logo\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>The annual dividend on the common stock of the corporation was raised to\u00a0$0.98\u00a0per share from\u00a0$0.93\u00a0per share.<\/p>\n<p>The Board of Directors authorized the first quarterly dividend of\u00a024.50 cents\u00a0(<span class=\"xn-money\">$0.2450<\/span>)\u00a0a share to be paid on\u00a0Feb. 16, 2021, to stockholders of record at the close of business on\u00a0Jan. 11, 2021.<\/p>\n<p>The\u00a0Feb. 16\u00a0payment will be the 370th 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.<\/p>\n<p>\n        <b><br \/>\n          <u>ABOUT HORMEL FOODS &#8211; Inspired People. Inspired Food. \u2122<br \/><\/u><br \/>\n        <\/b>Hormel Foods Corporation, based in <span class=\"xn-location\">Austin, Minn.<\/span>, is a global branded food company with over <span class=\"xn-money\">$9 billion<\/span> in annual revenue across more than 80 countries worldwide. Its brands include <i>SKIPPY<sup>\u00ae<\/sup>, SPAM<sup>\u00ae<\/sup>, Hormel<sup>\u00ae<\/sup> Natural Choice<sup>\u00ae<\/sup>, Applegate<sup>\u00ae<\/sup>, Justin&#8217;s<sup>\u00ae<\/sup>, Wholly<sup>\u00ae<\/sup>, Hormel<sup>\u00ae<\/sup> Black Label<sup>\u00ae<\/sup>, Columbus<sup>\u00ae<\/sup><\/i> and more than 30 other beloved brands. The company is a member of the S&amp;P 500 Index and the S&amp;P 500 Dividend Aristocrats, was named on the &#8220;Global 2000 World&#8217;s Best Employers&#8221; list by <span class=\"xn-location\">Forbes<\/span> magazine for three straight years, is one of Fortune magazine&#8217;s most admired companies, has appeared on Corporate Responsibility Magazine&#8217;s &#8220;The 100 Best Corporate Citizens&#8221; 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 \u2014 <i>Inspired People. Inspired Food.\u2122<\/i> \u2014 to bring some of the world&#8217;s most trusted and iconic brands to tables across the globe. For more information, visit <a href=\"http:\/\/www.hormelfoods.com\" rel=\"nofollow\">www.hormelfoods.com<\/a><\/p>\n<div>\n<table id=\"convertedTabledec2\" cellspacing=\"0\" cellpadding=\"0\" border=\"1\" class=\"prntblns\">\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Media Contact:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Rick Williamson\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n              \n            <\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">507-434-6352<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n              \n            <\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <a target=\"_blank\" href=\"mailto:media@hormel.com\" class=\"prnews_a\" rel=\"nofollow noopener noreferrer\">media@hormel.com<\/a><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n              \n            <\/td>\n<td class=\"prngen2\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Investor Contact:\u00a0<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Nathan Annis<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n              \n            <\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">507-437-5248<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n              \n            <\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <a target=\"_blank\" href=\"mailto:ir@hormel.com\" class=\"prnews_a\" rel=\"nofollow noopener noreferrer\">ir@hormel.com<\/a>\u00a0\u00a0<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<p>\u00a0<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\"><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=CG01613&amp;sd=2020-11-23\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/hormel-foods-announces-55th-consecutive-increase-to-annual-dividend-301179256.html\">http:\/\/www.prnewswire.com\/news-releases\/hormel-foods-announces-55th-consecutive-increase-to-annual-dividend-301179256.html<\/a><\/p>\n<p>SOURCE  Hormel Foods Corporation<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=CG01613&amp;Transmission_Id=202011231700PR_NEWS_USPR_____CG01613&amp;DateId=20201123\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire AUSTIN, Minn., Nov. 23, 2020 \/PRNewswire\/ &#8212;\u00a0The Board of Directors of Hormel Foods Corporation (NYSE: HRL), a global branded food company, today announced a 5 percent increase to the annual dividend to shareholders, marking the 55th consecutive annual dividend increase. The annual dividend on the common stock of the corporation was raised to\u00a0$0.98\u00a0per share from\u00a0$0.93\u00a0per share. The Board of Directors authorized the first quarterly dividend of\u00a024.50 cents\u00a0($0.2450)\u00a0a share to be paid on\u00a0Feb. 16, 2021, to stockholders of record at the close of business on\u00a0Jan. 11, 2021. The\u00a0Feb. 16\u00a0payment will be the 370th 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 &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/hormel-foods-announces-55th-consecutive-increase-to-annual-dividend\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Hormel Foods Announces 55th Consecutive Increase to Annual Dividend&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-387235","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Hormel Foods Announces 55th Consecutive Increase to Annual Dividend - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/hormel-foods-announces-55th-consecutive-increase-to-annual-dividend\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hormel Foods Announces 55th Consecutive Increase to Annual Dividend - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire AUSTIN, Minn., Nov. 23, 2020 \/PRNewswire\/ &#8212;\u00a0The Board of Directors of Hormel Foods Corporation (NYSE: HRL), a global branded food company, today announced a 5 percent increase to the annual dividend to shareholders, marking the 55th consecutive annual dividend increase. The annual dividend on the common stock of the corporation was raised to\u00a0$0.98\u00a0per share from\u00a0$0.93\u00a0per share. The Board of Directors authorized the first quarterly dividend of\u00a024.50 cents\u00a0($0.2450)\u00a0a share to be paid on\u00a0Feb. 16, 2021, to stockholders of record at the close of business on\u00a0Jan. 11, 2021. The\u00a0Feb. 16\u00a0payment will be the 370th 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. 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The annual dividend on the common stock of the corporation was raised to\u00a0$0.98\u00a0per share from\u00a0$0.93\u00a0per share. The Board of Directors authorized the first quarterly dividend of\u00a024.50 cents\u00a0($0.2450)\u00a0a share to be paid on\u00a0Feb. 16, 2021, to stockholders of record at the close of business on\u00a0Jan. 11, 2021. The\u00a0Feb. 16\u00a0payment will be the 370th 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. 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