Hormel declares another consecutive dividend
by Bryan Salvage
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AUSTIN, Minn. – Hormel Foods Corporation announced its quarterly dividend on the common stock, authorized by the board of directors, at 25 cents a share on March 23, 2015, will be paid May 15 to stockholders of record at the close of business on April 20.
This payment marks Hormel’s 347th consecutive quarterly dividend. The company relays it has paid a regular quarterly dividend without interruption since becoming a public company in 1928.
This past week, the company announced its first quarter of fiscal 2015 got off to a double-digit start. Adjusted net earnings jumped 22 percent from a year ago, while first quarter sales topped $2.4 billion, a 7 percent increase over the 2014 first quarter.