Hormel Foods increases dividend for 50th consecutive year

Dividend Aristocrat Hormel Foods (HRL) will raise its dividend by 16%.

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

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