Hormel Foods Corporation Announces 60th Consecutive Increase to the Annual Dividend

Rhea-AI Summary

Hormel Foods (NYSE: HRL) announced a 1% increase to its quarterly dividend, raising the implied annualized dividend to $1.17 per share. The Board authorized a quarterly dividend of $0.2925 per share to be paid on February 17, 2026 to shareholders of record as of January 12, 2026. This action marks the 60th consecutive annual dividend increase and the 390th consecutive quarterly dividend paid since the company has regularly paid dividends as a public company.

The company reported over $12 billion in annual revenue and noted membership in the S&P 500 Dividend Aristocrats, underscoring its long history of shareholder payouts.

Positive

• Annualized dividend raised to $1.17 per share
• 60th consecutive annual dividend increase signals payout consistency
• 390th consecutive quarterly dividend paid since becoming public

Negative

• Dividend rise of only 1% may be modest versus investor expectations

AUSTIN, Minn., Nov. 24, 2025 /PRNewswire/ -- The Board of Directors of Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, today announced a 1 percent increase to the quarterly dividend, raising the implied annualized rate to $1.17 per share, marking the 60^th consecutive annual dividend increase.

The Board of Directors authorized a quarterly dividend of 29.25 cents ($0.2925) a share to be paid on February 17, 2026, to stockholders of record at the close of business on January 12, 2026.

The February 17, 2026 payment will be the 390^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, Minnesota, is a global branded food company with over $12 billion in annual revenue. 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 by TIME magazine as one of the World's Best Companies 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 hormelfoods.com.

Investor Relations		Media Relations
ir@hormel.com		media@hormel.com

                

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SOURCE Hormel Foods Corporation

FAQ

What dividend did Hormel Foods (HRL) announce for February 17, 2026?

Hormel Foods authorized a quarterly dividend of $0.2925 per share to be paid on February 17, 2026.

What is the record date for Hormel Foods (HRL) dividend paid February 17, 2026?

The record date is the close of business on January 12, 2026.

How much is Hormel Foods' (HRL) annualized dividend after the increase?

The implied annualized dividend after the increase is $1.17 per share.

How many consecutive years has Hormel Foods (HRL) increased its annual dividend?

Hormel Foods has announced its 60th consecutive annual dividend increase.

How many consecutive quarterly dividends has Hormel Foods (HRL) paid?

The upcoming payment will be the 390th consecutive quarterly dividend paid by the company.

Does Hormel Foods (HRL) report revenue context alongside the dividend news?

Yes; the company reports over $12 billion in annual revenue in the announcement.