AUSTIN, Minn. - Hormel Foods Corporation (NYSE:HRL), a leading global branded food company currently trading at $29.26, has declared a quarterly dividend of 29.00 cents ($0.2900) per share, as authorized by its Board of Directors on Monday. The dividend represents an attractive yield of 3.87%, and is payable on May 15, 2025, to shareholders of record as of the close of business on April 14, 2025.
This upcoming dividend payment marks the 387th consecutive quarterly dividend issued by Hormel Foods. According to InvestingPro data, the company has maintained dividend payments for 55 consecutive years and has raised its dividend for 32 consecutive years, demonstrating an exceptional track record of delivering shareholder value. For deeper insights into Hormel’s dividend sustainability and growth potential, investors can access comprehensive analysis through InvestingPro’s detailed research reports.
Hormel Foods, with an annual revenue of approximately $12 billion, operates in over 80 countries worldwide. Among its portfolio are well-known brands such as Planters, Skippy, SPAM, and Jennie-O. The company’s consistent performance has placed it on the S&P 500 Index and earned it a spot among the S&P 500 Dividend Aristocrats.
The company’s reputation extends beyond financial performance, having been recognized for its corporate responsibility and community service. Hormel Foods has been named one of the best companies to work for by U.S. News & World Report, one of America’s most responsible companies by Newsweek, and has been listed as one of the World’s Best Companies by TIME magazine.
This announcement is based on a press release statement from Hormel Foods Corporation. The dividend payout is part of the company’s long-standing tradition, reflecting its financial health and commitment to its shareholders.
In other recent news, Hormel Foods Corporation reported its first-quarter 2025 earnings, revealing a mixed financial performance. The company’s earnings per share (EPS) of $0.35 fell short of analysts’ forecasts of $0.39, although revenue slightly exceeded projections at $3.0 billion. Hormel Foods is advancing with its Transform and Modernize initiative, which is expected to deliver $100-150 million in benefits by the end of 2025. In another development, Jeffrey M. Ettinger has rejoined Hormel Foods’ Board of Directors, bringing his extensive experience back to the company. Ettinger will also serve on the Governance Committee and the CEO Search Committee. Additionally, Hormel Foods announced the promotion of Scott Weisenbeck to vice president of marketing – Retail, and Joe O’Connor to vice president of Emerging Brands – Retail. Both executives are expected to drive growth within the company’s Retail business segment. These recent developments highlight Hormel Foods’ ongoing efforts to strengthen its leadership and business strategies.
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