Vardah Gill
1 min read
In This Article:
On May 19, Hormel Foods Corporation (NYSE:HRL) declared a quarterly dividend of $0.29 per share, which was consistent with its previous dividend.
The Minnesota-based multinational food processing company specializes in the production and distribution of branded meat and food products, offering a range of processed meats, poultry items, and prepared foods. Its products are sold globally under several well-known brand names.
With its latest announcement, Hormel Foods Corporation (NYSE:HRL) has declared its 388th straight quarterly dividend, which is a remarkable achievement. Since going public in 1928, the company has consistently paid quarterly dividends without a single interruption. In 2024, it achieved its 59th consecutive year of increasing its annual dividend.
This strong dividend track record is supported by Hormel Foods Corporation (NYSE:HRL)'s robust cash flow. In the first quarter of fiscal 2025, the company generated more than $309 million in operating cash flow and returned $155 million to shareholders in the form of dividends. As of May 19, the stock has a dividend yield of 3.85%, and it will trade ex-dividend on July 14.
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