Hormel Foods increases dividend for 50th consecutive year
Hormel Foods will increase its quarterly dividend to $0.29 per share, marking 50 consecutive years of higher dividend payments.
The indicated dividend yield for Hormel Foods is 1.7% based on today's closing price of $69.26.
Hormel Foods is one of the 52 companies in the S&P Dividend Aristocrats Index. Since becoming a public company in 1928, Hormel Foods Corporation has paid a regular quarterly dividend without interruption.
Source: Hormel Foods