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Hormel Foods sets quarterly dividend at 28.25 cents per share

EditorNatashya Angelica
Published 26/03/2024, 08:16 am
© Reuters.

AUSTIN, Minn. - Hormel Foods Corporation (NYSE: NYSE:HRL), a global branded food company, has declared a quarterly dividend of 28.25 cents ($0.2825) per share, as authorized by its Board of Directors. The dividend is payable on May 15, 2024, to shareholders of record at the close of business on April 15, 2024.

This upcoming dividend marks the 383rd consecutive quarterly payment to Hormel Foods' shareholders, a streak that has been maintained since the company went public in 1928. Hormel Foods is recognized for its portfolio of over 30 brands, including Planters®, SKIPPY®, SPAM®, and Jennie-O®, among others.

The company has established a presence in more than 80 countries and generates over $12 billion in annual revenue.

As a member of the S&P 500 Index and the S&P 500 Dividend Aristocrats, Hormel Foods has been acknowledged for its workplace environment and corporate responsibility. It has been named one of the best companies to work for by U.S. News & World Report and one of America's most responsible companies by Newsweek.

Moreover, it has been listed among the 100 Best Workplaces for Innovators by Fast Company and has achieved a perfect score on the 2023-24 Corporate Equality Index.

The company's consistent dividend payments reflect its financial stability and commitment to returning value to its investors. Hormel Foods' corporate ethos, "Inspired People. Inspired Food.™," underscores its dedication to providing trusted and iconic food products globally.

Information about Hormel Foods' dividend announcement is based on a press release issued by the company.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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