Austin, MN - The Board of Directors of Hormel Foods Corporation, Austin, Minn.-based consumer- branded meat and food processing firm, today declared a regular quarterly dividend of $.16 a share on the common capital stock of the corporation.
The dividend is to be paid August 15, 1998, to shareholders of record at the close of business on July 18, 1998.
“With this payment, Hormel Foods shareholders will have received quarterly cash dividends for 280 consecutive quarters -- 70 YEARS!,” said Joel W. Johnson, chairman of the board, president and chief executive officer. “This uninterrupted record, dating back to when Hormel Foods became a public company in 1928, is an indication of strength and reliability that ranks among the very best in corporate America.”
Meat Industry Insights News Service
P.O. Box 553
Northport, NY 11768
Phone: 631-757-4010
Fax: 631-757-4060
E-mail: sflanagan@sprintmail.com
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