Hormel Foods announces increase to 48th consecutive annual dividend
Posted: 27 November 2013 | Hormel Foods | No comments yet
The annual dividend on the common stock of the corporation was raised to $.80 per share from $.68 per share…
The Board of Directors of Hormel Foods Corporation (NYSE: HRL), a multinational marketer of consumer-branded food and meat products, today announced its 48th consecutive annual dividend increase.
The annual dividend on the common stock of the corporation was raised to $.80 per share from $.68 per share.
A quarterly dividend on the common stock was also authorized by the Board of Directors at twenty cents (20¢) a share. The quarterly dividend will be paid Feb. 14, 2014, to stockholders of record at the close of business on Jan. 22, 2014.
The Feb. 14 payment will be the 342nd 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.