Hormel Foods Corporation (NYSE: HRL), a global leader in branded food products, has announced a quarterly dividend of 29 cents per share. This dividend, authorized by the company’s Board of Directors on Monday, offers an attractive yield of 3.87%. It will be paid on May 15, 2025, to shareholders who are on record as of April 14, 2025.
This marks Hormel Foods’ 387th consecutive quarterly dividend. The company has paid dividends for 55 years and increased its dividend for 32 consecutive years, showing a strong commitment to delivering value to its shareholders. Investors can find detailed insights into Hormel’s dividend sustainability through InvestingPro’s comprehensive research.
Hormel Foods, with an annual revenue of around $12 billion, operates in over 80 countries. The company owns well-known brands like Planters, Skippy, SPAM, and Jennie-O. It is listed on the S&P 500 Index and is part of the S&P 500 Dividend Aristocrats.
Beyond its financial success, Hormel Foods has earned recognition for its corporate responsibility. It 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 one of the World’s Best Companies by TIME magazine.
The dividend payment is part of Hormel’s long-standing tradition of strong financial health and shareholder commitment.
In related news, Hormel Foods reported mixed results for its first-quarter 2025 earnings. The company’s earnings per share (EPS) of $0.35 fell short of analysts’ expectations of $0.39, although revenue slightly surpassed projections at $3.0 billion. Hormel Foods is progressing with its Transform and Modernize initiative, which is expected to bring $100-150 million in benefits by the end of 2025.
Additionally, Hormel announced that Jeffrey M. Ettinger has rejoined the company’s Board of Directors. He will also serve on the Governance Committee and the CEO Search Committee. The company also promoted Scott Weisenbeck to vice president of marketing – Retail, and Joe O’Connor to vice president of Emerging Brands – Retail, both of whom are expected to lead growth in the company’s Retail business segment. These moves reflect Hormel Foods’ efforts to strengthen its leadership and business strategies.
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