Hormel Foods (HRL) Raises Quarterly Dividend 16% to $0.29; 1.7% Yield
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Hormel Foods Announces 50th Consecutive Increase to Annual Dividend
November 23, 2015 4:30 PM ESTAUSTIN, Minn.--(BUSINESS WIRE)-- The Board of Directors of Hormel Foods Corporation (NYSE: HRL), a multinational marketer of consumer-branded food and meat products, today announced a 16 percent increase to the annual dividend to shareholders, marking the 50th consecutive annual dividend increase.
The annual dividend on the common stock of the corporation was raised to $1.16 per share from $1.00 per share.
The Board of Directors authorized the first quarterly dividend of twenty-nine cents (29¢) a share to be... More
