Hormel Foods Boosts Shareholder Value With Dividend Increase

Hormel Foods Corporation (HRL) remains focused on rewarding shareholders. Keeping on these lines, the global branded food company unveiled a 3% hike to its annual dividend, continuing its impressive streak of 59 consecutive annual dividend increases. This takes the annualized rate to $1.16 per share from the earlier rate of $1.13 per share. The company will pay a quarterly dividend of 29 cents per share on Feb. 18, 2025, to its shareholders of record as of Jan. 13. This marks HRL’s 386th consecutive quarter ...