Hormel Foods (HRL) will increase its quarterly dividend by 13.3 percent to $0.17 per share, marking the 47th consecutive annual dividend increase by the Dividend Aristocrat.
The increased dividend will be paid on February 15, 2013 to shareholders of record on January 22, 2013. The new dividend yield for HRL is 2.2%.
Hormel Foods Corporation manufactures brand-name food and meat products worldwide. The company makes refrigerated pork, beef, chicken and turkey products and nutrition products including protein products. Its brands include Skippy, SPAM, Hormel Natural Choice, Applegate, Justin's, Wholly Guacamole and Hormel Black Label.