Hormel Foods Corporation Announces Quarterly Dividend
Hormel Foods Corporation (NYSE: HRL), a well-known global branded food producer, has shared exciting news about its latest quarterly dividend on common stock. The Board of Directors has green-lighted a dividend of 28.25 cents per share, which amounts to $0.2825. This distribution to stockholders represents yet another testament to the company's steadfast commitment to its financial responsibilities.
When to Expect the Dividend Payment
Stockholders can expect the dividend payment on November 15, with the official record date set for October 15. This marks Hormel’s 385th consecutive quarterly dividend, highlighting its reliability as a public entity. Since its founding in 1928, Hormel Foods has maintained a steady quarterly dividend without any interruptions—a remarkable achievement by any standard.
Overview of Hormel Foods Corporation
Located in Austin, Hormel Foods Corporation brings in over $12 billion in annual revenue and distributes its products to more than 80 countries worldwide. The company stands out with a varied lineup of popular brands, such as Planters®, Skippy®, SPAM®, Hormel® Natural Choice®, Applegate®, Justin's®, Wholly®, Hormel® Black Label®, Columbus®, Jennie-O®, and many others. Hormel Foods is also a proud member of the S&P 500 Index and has earned its place among the S&P 500 Dividend Aristocrats thanks to its ongoing pattern of dividend payments.
A Commitment to Excellence
Hormel Foods is recognized not only for its long-standing revenue growth but also for its dedication to corporate social responsibility and community service initiatives. The company has garnered various accolades, including being recognized as one of the best workplaces by U.S. News & World Report and named one of America’s most responsible companies by Newsweek. TIME magazine also highlighted Hormel as one of the World’s Best Companies, underscoring its significant impact on the food industry and its pledge to sustainable practices.
Corporate Philosophy
The heart of Hormel Foods lies in its purpose statement: Inspired People. Inspired Food.™ This guiding principle motivates the company to deliver high-quality products to tables around the globe, ensuring they remain a trusted option for consumers.
Investor Relations Information
For those interested in learning more, Hormel Foods Corporation offers robust investor relations services, providing answers to questions related to its financial performance and corporate activities.
Frequently Asked Questions
What is the dividend amount declared by Hormel Foods Corporation?
The company has declared a quarterly dividend of 28.25 cents per share.
When will the dividend payment be made?
The dividend payment is scheduled for November 15 for stockholders of record as of October 15.
How many consecutive quarterly dividends has Hormel Foods paid?
Hormel Foods has a track record of 385 consecutive quarterly dividends, showcasing its financial stability.
What brands does Hormel Foods Corporation own?
The company owns a variety of popular brands, including SPAM®, Skippy®, and Jennie-O®, among others.
What is the revenue of Hormel Foods Corporation?
Hormel Foods generates over $12 billion in annual revenue and has a presence in more than 80 countries around the world.
