Dividend Aristocrat Hormel Foods (HRL) will raise its quarterly dividend by 10.3 percent to $0.1875 per share in Q1 of 2018. The new dividend yield for HRL is 2.2%. Hormel will pay the increased dividend for the first time on February 15, 2018.
"This morning we announced a 10 percent increase to our annual dividend, making the new dividend $0.75 per share," Snee said. "This is the 52nd consecutive year in which we've increased our dividend."
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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