Hormel Foods Corporation's Consistent Dividend Distribution Action
Hormel Foods Corporation's Recurring Dividend Announcement
Hormel Foods Corporation (NYSE: HRL), a celebrated global food provider, has announced its latest quarterly dividend. The Board of Directors has authorized a dividend of 29.00 cents ($0.29) per share, which is set to bolster its reputation for reliable financial returns.
Historical Consistency in Dividend Payments
This payment, scheduled for November, will mark the 389th consecutive quarterly dividend distributed by Hormel Foods. It is noteworthy that since it became a public entity in 1928, the company has maintained an uninterrupted record of regular dividends, showcasing its stability and commitment to its shareholders.
About Hormel Foods Corporation
Hormel Foods Corporation, recognized for its diverse portfolio of brands, generated approximately $12 billion in revenue from operations spanning over 80 countries. Among its well-known products are PLANTERS, SKIPPY, SPAM, HORMEL NATURAL CHOICE, APPLEGATE, JUSTIN'S, WHOLLY, HORMEL BLACK LABEL, COLUMBUS, and JENNIE-O, among many others.
Commitment to Corporate Responsibility
Hormel Foods takes pride in its standing within the S&P 500 Index and S&P 500 Dividend Aristocrats. The company has received accolades for its workplace environment, recognized as one of the best companies to work for. Furthermore, it has been acknowledged by various renowned publications, including TIME magazine for its corporate responsibility initiatives and commitment to community service.
Mission and Vision of Hormel Foods
The company embodies its purpose statement, "Inspired People. Inspired Food.™", aiming to deliver some of the world's most respected and beloved food brands directly to consumers. This mission reflects its commitment not only to product quality but also to the well-being of the communities it serves.
Conclusion: A Reliable Dividend Future
As Hormel Foods Corporation continues its legacy of robust dividend payments, it reassures investors of its financial stability and dedication to returning value. The upcoming quarterly dividend is not just a financial announcement; it is a reaffirmation of Hormel's commitment to its shareholders and the market trust it has cultivated over nearly a century.
Frequently Asked Questions
What is the upcoming quarterly dividend announced by Hormel Foods Corporation?
The upcoming dividend is set at 29.00 cents ($0.29) per share.
How many consecutive quarterly dividends has Hormel Foods paid?
Hormel Foods will pay its 389th consecutive quarterly dividend this November.
What are some popular brands owned by Hormel Foods?
Hormel Foods' notable brands include PLANTERS, SPAM, and SKIPPY, among others.
What recognition has Hormel Foods received for its corporate responsibility?
Hormel Foods has been recognized as one of America's most responsible companies, showcasing its commitment to sustainability and community service.
What is Hormel Foods' mission statement?
Hormel Foods operates under the purpose statement, "Inspired People. Inspired Food.™", reflecting its dedication to quality and customer satisfaction.
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