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AUSTIN, Minn. - Hormel Foods Corporation (NYSE: HRL), a prominent global food company, has announced the issuance of a quarterly dividend of 29 cents ($0.29) per share, as confirmed by the company’s Board of Directors today. The dividend, representing a 3.8% yield, is scheduled for payment on August 15, 2025, to shareholders who are on record as of the close of business on July 14, 2025. According to InvestingPro data, the company maintains strong liquidity with a current ratio of 2.45, indicating robust financial health.
The upcoming dividend marks a significant milestone for Hormel Foods, representing the 388th consecutive quarterly dividend the company has disbursed since it went public in 1928. InvestingPro analysis reveals that Hormel has raised its dividend for 32 consecutive years and has maintained dividend payments for 55 consecutive years, demonstrating exceptional financial stability and commitment to stockholder returns. For detailed dividend analysis and more exclusive insights, investors can access the comprehensive Pro Research Report, available for Hormel and 1,400+ other top US stocks.
Hormel Foods, headquartered in Austin, Minnesota, boasts an extensive portfolio of food brands that resonate with consumers worldwide, including PLANTERS, SKIPPY, SPAM, and HORMEL NATURAL CHOICE, among others. With $11.9 billion in annual revenue and operations spanning over 80 countries, the company’s influence in the branded food industry is extensive. Based on InvestingPro’s Fair Value analysis, the stock currently appears undervalued, presenting a potential opportunity for value investors.
The company’s performance and corporate practices have garnered recognition, including being named one of the best companies to work for by U.S. News & World Report and one of America’s most responsible companies by Newsweek. Hormel Foods is also a member of the S&P 500 Index and the S&P 500 Dividend Aristocrats, reflecting its consistent dividend payments over time.
This announcement is based on a press release statement and continues to build on Hormel Foods’ reputation for delivering shareholder value through its dividend policy. The declaration of the dividend aligns with the company’s history of financial consistency and positions Hormel Foods as a steady player in the competitive food industry.
In other recent news, Hormel Foods Corporation has announced several key developments. The company declared a quarterly dividend of 29 cents per share, marking its 387th consecutive dividend payment, which underscores Hormel’s commitment to shareholder value. In leadership news, Scott Aakre, after a long tenure with the company, has retired but was simultaneously appointed to the board of directors. Additionally, Jeffrey M. Ettinger has rejoined the Hormel Foods Board of Directors, bringing his extensive experience back to the company.
The company also announced the promotion of Scott Weisenbeck to vice president of marketing – Retail, and Joe O’Connor to vice president of Emerging Brands – Retail. In another leadership change, Steve Lykken is departing, with Kevin Myers stepping in as interim group vice president of supply chain. Hormel Foods, which operates globally with an annual revenue of approximately $12 billion, continues to focus on strong governance and operational excellence. These developments highlight Hormel’s ongoing efforts to maintain robust leadership and strategic growth.
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