Hormel Foods Raises Dividend by 12%

For the 53rd year in a row, Hormel Foods (HRL) has increased its dividend. The quarterly payout will rise from 18.75 cents to 21 cents per share. That’s a 12% increase. (I had predicted 20 cents per share.)

The annual dividend on the common stock of the corporation was raised to $0.84 per share from $0.75 per share.

The Board of Directors authorized the first quarterly dividend of 21 cents ($0.21) a share to be paid on Feb. 15, 2019, to stockholders of record at the close of business on Jan. 14, 2019.

The Feb. 15 payment will be the 362nd consecutive quarterly dividend paid by the company. Since becoming a public company in 1928, Hormel Foods Corporation has paid a regular quarterly dividend without interruption.

Posted by on November 19th, 2018 at 5:03 pm


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.