The dividend is payable on August 15 to shareholders of record at the close of business on July 17.
Since becoming a public company in 1928, Hormel Foods Corporation has paid a regular quarterly dividend without interruption.
Shares of Hormel Foods closed higher on Monday, however were sinking in after-hours trading.
Shares of the Austin, MN-based firm are higher over 1% year-to-date.
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