Hormel Foods Corporation Declares Quarterly Dividend

Rhea-AI Summary

Hormel Foods Corporation (NYSE: HRL) has announced a quarterly dividend of $0.275 per share, payable on May 15, 2023, to shareholders recorded by April 17, 2023. This marks the 379th consecutive quarterly dividend paid by the company, which has maintained uninterrupted dividend payments since going public in 1928. Hormel Foods, based in Austin, Minnesota, reported over $12 billion in annual revenue and is recognized for its extensive portfolio of brands, including Planters, SPAM, and Jennie-O.

Positive

• Quarterly dividend of $0.275 per share announced.
• 379th consecutive quarterly dividend reflects the company's strong track record.
• Company has paid uninterrupted dividends since 1928.

Negative

• None.

News Market Reaction – HRL

+0.49%

+0.49% Session move

In the trading session that priced this news, HRL gained 0.49%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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AUSTIN, Minn., March 27, 2023 /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 27.5 cents ($0.275) a share on March 27, 2023, will be paid May 15, 2023, to stockholders of record at the close of business on April 17, 2023.

The May 15 payment will be the 379^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, Minn., 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 on the "Global 2000 World's Best Employers" list by Forbes magazine for three years, is one of Fortune magazine's most admired companies, has appeared on the "100 Best Corporate Citizens" list by 3BL Media 13 times, 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.

Investor Relations	Media Relations
(507) 437-5248	(507) 434-6352
ir@hormel.com	media@hormel.com

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SOURCE Hormel Foods Corporation

FAQ

What is the dividend amount for Hormel Foods Corporation (HRL) in 2023?

The dividend amount for Hormel Foods Corporation is $0.275 per share.

When is the dividend payment date for HRL?

The dividend payment date for HRL is May 15, 2023.

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

The record date for Hormel Foods' quarterly dividend is April 17, 2023.

How many consecutive dividends has Hormel Foods paid?

Hormel Foods has paid 379 consecutive quarterly dividends.

Since when has Hormel Foods been paying dividends without interruption?

Hormel Foods has been paying dividends without interruption since becoming public in 1928.