Hormel Foods releases financial info

Announces a 3 percent annual dividend increase to shareholders

The board of directors of Hormel Foods, a Fortune 500 global branded food company, announces a three percent increase to the annual dividend to shareholders, marking the 58th consecutive annual dividend increase.

The annual dividend on the common stock of the corporation was raised to $1.13 per share from $1.10 per share.

The board of directors authorized the first quarterly dividend of 28.25 cents ($0.2825) a share to be paid on Feb. 15, 2024, to stockholders of record at the close of business on Jan. 16, 2024.

The Feb. 15 payment will be the 382nd consecutive quarterly dividend paid by the company. Since becoming a public company in 1928, Hormel Foods has paid a regular quarterly dividend without interruption.

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