Hormel Foods Announces 3% Increase To The Annual Dividend To Shareholders From $1.10 To $1.13 Per Share
Portfolio Pulse from Benzinga Newsdesk
Hormel Foods has announced a 3% increase in its annual dividend, raising it from $1.10 to $1.13 per share. The first quarterly dividend of 28.25 cents per share will be paid on Feb. 15, 2024, to shareholders of record as of Jan. 16, 2024.
November 20, 2023 | 10:03 pm
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Hormel Foods has raised its annual dividend by 3%, indicating a strong financial position and commitment to returning value to shareholders.
Dividend increases are typically viewed positively by the market as they suggest a company is financially healthy and confident in its future earnings. This increase in Hormel Foods' dividend may attract income-focused investors and could lead to a short-term uptick in the stock price.
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