Dividend Aristocrat Hormel Foods (HRL) will raise its quarterly dividend to $0.25 per share, marking the 49th consecutive year of dividend increases for Hormel Foods.
The increased dividend will be paid on Feb. 17, 2015, to stockholders of record at the close of business on Jan. 20, 2015. The indicated dividend yield is 1.9% based on Monday's closing price of $54.13.
The Feb. 17 payment will be the 346th 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.
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.
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