Dividend Aristocrat Hormel Foods (HRL) will raise its quarterly dividend by sixteen percent to $0.29 per share. The new dividend will be paid on February 16, 2016 to stockholders of record on January 19, 2016.
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. Since becoming a public company in 1928 Hormel Foods has paid an uninterrupted quarterly dividend.