Hormel Foods Announces Quarterly Dividend Payment Plans
Hormel Foods Corporation Announces Quarterly Dividend
Hormel Foods Corporation (NYSE: HRL), a prominent name in the global food industry, has officially declared its quarterly dividend. The Board of Directors has approved a dividend of 29 cents per share. This announcement reflects the company's robust commitment to its shareholders and its long history of stabilizing quarterly dividends.
Dividend Payment Details
The quarterly dividend is scheduled for payment on May 15, marking the 387th consecutive dividend payout by Hormel Foods. This remarkable achievement underscores the company's resilience and dedication to rewarding its investors. Stockholders of record at the close of business on April 14 will be eligible for this dividend, which is a significant aspect of Hormel Foods' financial strategy.
The Legacy of Regular Dividends
Since its inception as a public company in 1928, Hormel Foods has maintained an uninterrupted schedule of regular quarterly dividends. This policy reflects the firm’s commitment to its stockholders and highlights its financial stability in a competitive market. Such steadfastness in dividend payments not only builds investor trust but also differentiates Hormel Foods in an ever-evolving food industry landscape.
About Hormel Foods Corporation
Hormel Foods Corporation is headquartered in Austin, Minnesota, and enjoys a significant presence in over 80 countries worldwide. The company has a robust annual revenue of approximately $12 billion. Its diverse range of brands includes iconic names such as Planters, Skippy, SPAM, and Jennie-O, among many others. Hormel is celebrated as a key player in the S&P 500 Index and has frequently been recognized for its corporate responsibility initiatives and workplace culture.
Commitment to Quality and Responsibility
The company prides itself on its purpose-driven approach — Inspired People. Inspired Food.™. This ethos guides its commitment to providing consumers with trusted and beloved brands. Hormel Foods has been acknowledged for its best-in-class corporate citizenship practices and has received accolades as one of the most responsible companies. These accomplishments are a testament to Hormel's diligence in integrating social responsibility into its business model.
Investor and Media Relations
For parties interested in reaching out for investor or media-related inquiries, Hormel Foods maintains dedicated communication channels to ensure efficient response management. Engaging with stakeholders is crucial for the company, aligning with its vision of transparency and accountability.
Frequently Asked Questions
What is the announced quarterly dividend for Hormel Foods?
The Board has approved a quarterly dividend of 29 cents per share, to be paid on May 15.
When will the dividend be paid?
The dividend will be disbursed on May 15 to stockholders recorded by April 14.
How many consecutive dividends have been paid by Hormel Foods?
This payment will mark the 387th consecutive dividend paid by Hormel Foods Corporation.
What is Hormel Foods' annual revenue?
Hormel Foods generates approximately $12 billion in annual revenue across more than 80 countries.
What brands are included under Hormel Foods?
Hormel Foods' brand portfolio includes Planters, Skippy, SPAM, Applegate, and many more.
About The Author
Contact Ryan Hughes privately here. Or send an email with ATTN: Ryan Hughes as the subject to contact@investorshangout.com.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.