Hormel Foods Corporation Announces Dividend Payment Details
Hormel Foods Corporation Declares Quarterly Dividend
Hormel Foods Corporation (NYSE: HRL), a renowned global branded food company, recently announced a significant quarterly dividend on its common stock. The Board of Directors authorized a dividend of 28.25 cents per share, equivalent to $0.2825. This dividend will be distributed to stockholders, marking another milestone in the company's unwavering financial commitment.
Dividend Payment Schedule
The dividend payment is set for November 15, following the official record date of October 15. This will be the company's 385th consecutive quarterly dividend, showcasing its stability and reliability as a public entity. Since its inception in 1928, Hormel Foods Corporation has successfully maintained a regular quarterly dividend without interruption, which is an impressive feat for any corporation.
Company Overview
Based in Austin, Hormel Foods Corporation generates over $12 billion in annual revenue, distributing its products across more than 80 countries. The company boasts a diverse portfolio of beloved brands, including Planters®, Skippy®, SPAM®, Hormel® Natural Choice®, Applegate®, Justin's®, Wholly®, Hormel® Black Label®, Columbus®, Jennie-O®, and many more. Hormel Foods is a proud member of the S&P 500 Index and is recognized as one of the S&P 500 Dividend Aristocrats due to its consistent dividend payments.
A Commitment to Excellence
The brand is celebrated not just for its long-standing revenue growth but also for its commitment to corporate responsibility and community service. Hormel Foods has received multiple accolades, such as being named one of the best companies to work for by U.S. News & World Report, and one of America's most responsible companies by Newsweek. TIME magazine acknowledged Hormel as one of the World’s Best Companies, reflecting its contributions to the food industry and commitment to sustainable practices.
Corporate Philosophy
The company adheres to its purpose statement: Inspired People. Inspired Food.™ This philosophy drives Hormel Foods to bring high-quality products to tables worldwide, ensuring they remain a trusted choice among consumers.
Investor Relations Information
For investors seeking further information regarding Hormel Foods Corporation, the company offers investor relations services to address inquiries about its financial performance and corporate activities.
Frequently Asked Questions
What is the dividend amount declared by Hormel Foods Corporation?
The company declared a quarterly dividend of 28.25 cents per share.
When will the dividend payment be made?
The dividend will be paid on November 15 to stockholders of record as of October 15.
How many consecutive quarterly dividends has Hormel Foods paid?
Hormel Foods has paid 385 consecutive quarterly dividends, showcasing its financial reliability.
What brands does Hormel Foods Corporation own?
Hormel Foods possesses several well-known brands, including SPAM®, Skippy®, and Jennie-O®, among others.
What is the revenue of Hormel Foods Corporation?
The company generates over $12 billion in annual revenue and operates in over 80 countries worldwide.
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/
Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data shapes the opinions presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. The author does not guarantee the accuracy, completeness, or timeliness of any material, providing it "as is." Information and market conditions may change; past performance is not indicative of future outcomes. If any of the material offered here is inaccurate, please contact us for corrections.
Related Articles
- MeridianLink's Secondary Common Stock Offering Details Unveiled
- Cue Biopharma's Innovative Journey: Public Offering Details
- CION Investment Corporation Launches $150 Million Unsecured Notes
- Associated Banc-Corp Announces Q3 2024 Earnings Call Details
- ContextLogic Announces New Auditor to Enhance Financial Integrity
- Lamb Weston Holdings Declares Quarterly Dividend for Shareholders
- CommScope Declares New Dividend and Strengthens Product Offerings
- Dundee Corporation's Strategic Sale of TauRx Shares Explained
- Dundee Corporation Completes Sale of 8,000 Shares in TauRx
- Jacobs Announces Cash Dividend for Shareholders
Recent Articles
- Moderna Investors Can Seek Justice in Class Action Lawsuit
- InvenTrust Properties Corp. Completes Major Stock Offering
- Understanding the Class Action Against Domino's Pizza, Inc.
- Investigating the Funding Behind Melania Trump's Speaking Fees
- Alfa, S.A.B. de C.V. Achieves Milestone in Consent Solicitation
- Key Stock Market Dates to Watch Before Year-End Results
- BioVie Inc. Announces Exciting Public Offering Plans Ahead
- Qualia Innovates with Enhanced Brain Health Formula for All
- The UN Summit of the Future: A Step Towards Global Unity
- China's Central Bank Takes Bold Steps to Support Economic Recovery
- Amazon's Cloud and AI Strategy Set to Shape Future Growth
- Miniso Faces Major Decline After Yonghui Superstores Investment
- Exploring Amgen's Innovative Path in Biopharma Growth Strategies
- AMD's Strategic Moves Set to Transform Semiconductor Outlook
- Alnylam Pharmaceuticals: Pioneering RNAi Therapeutics for Growth
- Autodesk's Strategic Transition and Market Growth Prospects
- Adobe's Innovative AI Strategies Enhance Market Position
- Apple Inc.'s Promising Future: Insights on Growth and Strategy
- Understanding the Rise of Fraudulent Loan Practices in Thailand
- Indonesian Consumers' Surprising Views on Financial Fraud
- Elon Musk Engages with Javier Milei on Argentina's Future
- Alfa, S.A.B. de C.V. Achieves Key Milestone in Note Amendments
- Celebrating Leadership with the 2024 Appeal of Conscience Award
- KLEVV Unveils Lightning-Fast G560 and CRAS C715 SSDs
- Foreign Journalists Discover Cutting-Edge Developments in Daxing
- Iran's President Calls for Peace Amid Escalating Regional Conflicts
- Projected Growth of Cryogenic Equipment Market by 2028
- Schumer Critiques Trump's Government Shutdown Agenda
- Mark Cuban Critiques Trump's Tariff Threat on John Deere
- China's Groundbreaking Lunar Exploration Sets New Space Goals
- China's Central Bank Takes Bold Steps to Boost Economic Recovery
- Instacart's Strategic Growth and Future Market Positioning
- Exploring BioMarin Pharmaceutical's Future in Biotechnology
- Dawn C. Morris Bolsters Position in Americas Carmart Shares
- Alibaba's Strategies: Navigating Challenges and Opportunities
- Boeing's Flight Path: Navigating Market Challenges Ahead
- Cryogenic Equipment Market Forecast: Key Trends Driving Growth
- President Zelensky Critiques Senator Vance on Ukraine Policy
- Oil Price Stability Amid Global Economic Uncertainties
- Asia Stocks Steady as Investors Await Economic Indicators
- Enphase Energy: Navigating the Future of Clean Technology
- Darden Restaurants: Navigating Growth and Market Challenges
- Cisco Systems: Navigating Challenges and Embracing Opportunities
- CRISPR Therapeutics: Exploring the Future of Gene Editing Innovations
- Salesforce's Strong Position and Future in the Evolving CRM Market
- LOST MARY Advocates for Fair Vaping Regulations and Innovation
- Avidity Biosciences Executive Stock Sale Raises Questions
- Surging Oil Prices Amid Middle East Tensions and Storm Threats
- Australian Dollar Approaches Yearly High Amid Policy Decisions
- Saskatchewan Takes a Stand in Rare Earth Metals Market