Hormel Foods Corporation Declares Quarterly Dividend

Rhea-AI Summary

Hormel Foods (NYSE: HRL), a Fortune 500 global branded food company, has announced its quarterly dividend. The Board of Directors has authorized a dividend of 28.25 cents ($0.2825) per share on September 23, 2024. This dividend will be paid on November 15, 2024, to stockholders of record at the close of business on October 15, 2024.

This upcoming payment marks the 385th consecutive quarterly dividend paid by Hormel Foods. The company has maintained an uninterrupted record of paying regular quarterly dividends since becoming a public company in 1928, showcasing its commitment to consistent shareholder returns.

Positive

• Consistent dividend payment history since 1928
• 385th consecutive quarterly dividend
• Maintained dividend despite economic fluctuations

Negative

• None.

News Market Reaction – HRL

-0.98%

-0.98% Session move

In the trading session that priced this news, HRL declined 0.98%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

AUSTIN, Minn., Sept. 23, 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 September 23, 2024, will be paid November 15, 2024, to stockholders of record at the close of business on October 15, 2024.

The November 15 payment will be the 385^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 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 by TIME magazine as one of the World's Best Companies, 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 hormelfoods.com.

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

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/hormel-foods-corporation-declares-quarterly-dividend-302256422.html

SOURCE Hormel Foods Corporation

FAQ

What is the amount of Hormel Foods' (HRL) latest quarterly dividend?

Hormel Foods' (HRL) latest quarterly dividend is 28.25 cents ($0.2825) per share.

When will Hormel Foods (HRL) pay its next quarterly dividend?

Hormel Foods (HRL) will pay its next quarterly dividend on November 15, 2024.

What is the record date for Hormel Foods' (HRL) upcoming dividend?

The record date for Hormel Foods' (HRL) upcoming dividend is October 15, 2024.

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

Hormel Foods (HRL) has paid 385 consecutive quarterly dividends.

Since when has Hormel Foods (HRL) been paying regular quarterly dividends?

Hormel Foods (HRL) has been paying regular quarterly dividends without interruption since becoming a public company in 1928.