11-21-2022, 10:18 PM
AUSTIN, Minn., Nov. 21, 2022 /PRNewswire/ -- The Board of Directors of Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, today announced a 6 percent increase to the annual dividend to shareholders, marking the 57th consecutive annual dividend increase.
The annual dividend on the common stock of the corporation was raised to $1.10 per share from $1.04 per share.
The Board of Directors authorized the first quarterly dividend of 27.50 cents ($0.2750) a share to be paid on Feb. 15, 2023, to stockholders of record at the close of business on Jan. 17, 2023.
The annual dividend on the common stock of the corporation was raised to $1.10 per share from $1.04 per share.
The Board of Directors authorized the first quarterly dividend of 27.50 cents ($0.2750) a share to be paid on Feb. 15, 2023, to stockholders of record at the close of business on Jan. 17, 2023.
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“While the dividend itself is merely a rearrangement of equity, over time it's more like owning an apple tree. The tree grows the apples back again and again and again, and the theoretical value of the tree doesn't change just because of when the apples are about to fall.” - earthtodan
“While the dividend itself is merely a rearrangement of equity, over time it's more like owning an apple tree. The tree grows the apples back again and again and again, and the theoretical value of the tree doesn't change just because of when the apples are about to fall.” - earthtodan