November 27, 2009

Hormel Foods announces annual dividend increase

The Board of Directors of Hormel Foods Corporation, a multinational marketer of consumer-branded food and meat products, announced its 44th consecutive annual dividend increase.

The annual dividend on the common stock of the corporation was raised to US$0.84 per share from US$0.76 per share.

A quarterly dividend on the common stock was also authorized by the Board of Directors at 21 cents a share. The quarterly dividend will be paid Feb. 15, 2010, to stockholders of record at the close of business on Jan. 23, 2010.

The February 15 payment will be the 326th consecutive quarterly dividend paid by the company.

Since becoming a public company in 1928, Hormel Foods Corporation has paid a regular quarterly dividend without interruption.