Hormel Foods Corporation reports developments as a global branded food company with a portfolio spanning Planters, Skippy, SPAM, Hormel Natural Choice, Applegate, Wholly, Hormel Black Label, Columbus, Jennie-O and other food brands. Company updates commonly address quarterly earnings, dividends on common stock, product and menu innovation, foodservice offerings, retail launches, and portfolio actions across perishable and shelf-stable foods.
Recent corporate news also reflects Hormel's shift toward value-added proteins, including the completed sale of its whole-bird turkey business while retaining the Jennie-O brand and value-added turkey products. Other recurring themes include food safety and quality leadership, community programs tied to food security, and brand activity in categories such as pizza toppings, sauces, marinades, nut butters and packaged proteins.
The Board of Directors at Hormel Foods Corporation (NYSE: HRL) has announced a 6% increase in the annual dividend, raising it from $0.98 to $1.04 per share. This marks the 56th consecutive annual dividend increase. The first quarterly dividend of $0.26 per share will be paid on February 15, 2022, to shareholders on record by January 18, 2022. Hormel has consistently paid quarterly dividends since going public in 1928, demonstrating a solid commitment to shareholder returns.
Hormel Foods Corporation (NYSE: HRL) announced the recognition of its internship program, ranking No. 84 on Vault's 2022 list of 100 Best Internships. The company also secured key positions in specialized categories, including No. 6 for Sales, Marketing & Communications and No. 9 for Engineering. Over 11,000 interns participated in the survey assessing various aspects of their internship experience. Hormel Foods is currently seeking interns for summer 2022, with opportunities across various facilities. For more information, visit hormelfoods.com/careers.
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Hormel Foods Corporation (NYSE: HRL) announced the recipients of the 2021 Hormel Heroes Scholarships, each valued at $10,000. The program supports military students pursuing degrees in culinary arts or foodservice management. Recipients include Christina Gilman, a U.S. Marine Corps sergeant, and Rose Picard, a U.S. Army veteran. Gilman is studying hospitality management while Picard focuses on baking and pastry arts. Hormel Foods, a global food company with over $10 billion in annual revenue, partners with the National Restaurant Association Educational Foundation to provide this financial aid.
Hormel Foods announced the launch of limited-edition HORMEL® BLACK LABEL® Bacon Wrapping Paper, scented with bacon and featuring a decorative pattern. This unique wrapping paper aims to enhance holiday gifting experiences. From November 9 to 26, participants can enter to win this wrapping paper, along with gift tags and decorative ribbon, while Hormel Foods will donate $1 to the Salvation Army's Angel Tree program for each entry, up to $10,000. Coolio will promote the product through a video series called 'Wrappin' with Coolio.'
Hormel Foods Corporation (NYSE: HRL) will host a conference call and webcast on December 9, 2021, at 8:00 a.m. CT to discuss its 2021 fourth quarter and full-year financial results. The earnings press release will be issued at 5:30 a.m. CT the same day. Interested parties can access the conference call via telephone or listen to a live webcast on the company's website. Hormel Foods is a global branded food company with annual revenues exceeding $10 billion.
Jennie-O Turkey Store, part of Hormel Foods, has launched the Turkey Dance Challenge on TikTok to engage families during the holiday season. Developed by celebrity choreographer Phil Wright, the campaign features an original Thanksgiving-themed song and encourages users to showcase their dance moves using the hashtag #DoTheJennieOTurkeyDance. Celebrity dancers will promote the challenge, creating a festive atmosphere for families to connect either in-person or virtually. The initiative aims to celebrate the holiday spirit centered around Jennie-O turkey products.
Jennie-O Turkey Store, a subsidiary of Hormel Foods (NYSE: HRL), will return to the 95th Macy's Thanksgiving Day Parade on November 25, 2021. The float, known as The Big Turkey Spectacular, measures 36 feet long and 24 feet tall, adorned with over 200 pounds of sparkles. It showcases holiday recipes and cooking tips through a dedicated consumer hotline available throughout November. Vice President Nicole Behne expressed excitement for the event's significance to the brand and its engagement with viewers, including a performance by Tai Verdes.
Hormel Foods Corporation (NYSE: HRL) announces the retirement of Luis Marconi as group vice president of Grocery Products after a 20-year career. Jeff Frank, previously vice president of Grocery Products, will succeed him, focusing on evolving the brand portfolio. Hormel's Grocery Products includes brands like Planters®, SKIPPY®, and SPAM®. Frank's extensive experience includes leading the integration of the Planters® brand, the largest acquisition in Hormel's history. The company continues to enhance its strategy to meet consumer needs in snacking and ethnic foods.
Hormel Foods Corporation (NYSE: HRL) has appointed Wendy A. Watkins as senior vice president and chief communications officer. Since joining in 2015, Watkins has enhanced Hormel's global reputation and corporate responsibility efforts, including leading communications during the COVID-19 pandemic. She is tasked with overseeing internal and external communications while continuing to build Hormel's image as a respected food company. Under her leadership, Hormel has consistently ranked among Fortune's most admired companies and has been recognized for its corporate citizenship.