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4-Traders Homepage  >  Equities  >  Nyse  >  Hormel Foods Corp    HRL

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Hormel Foods Corporation : Declares Quarterly Dividend

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03/26/2012 | 05:30pm EST

The Board of Directors of Hormel Foods Corporation (NYSE:HRL), a multinational marketer of consumer-branded food and meat products, has declared a regular quarterly dividend of 15 cents per share on the common stock of the corporation.

The dividend will be paid May 15, 2012, to stockholders of record at the close of business on April 23, 2012.

The May 15 payment will be the 335th 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.

About Hormel Foods
Hormel Foods Corporation, based in Austin, Minn., is a multinational manufacturer and marketer of consumer-branded food and meat products, many of which are among the best known and trusted in the food industry. The company leverages its extensive expertise, innovation and high competencies in pork and turkey processing and marketing to bring branded, value-added products to the global marketplace. The company is a member of the Standard & Poor's 500 Index, Dow Jones Sustainability Indexes, Maplecroft Climate Innovation Indexes, Global 1000 Sustainable Performance Leaders and was named one of "The 100 Most Trustworthy Companies" by Forbes in 2010. The company enjoys a strong reputation among consumers, retail grocers, foodservice and industrial customers for products highly regarded for quality, taste, nutrition, convenience and value. For more information, visit http://www.hormelfoods.com.

Hormel Foods Corporation
Julie H. Craven, 507-437-5345
media@hormel.com


© Business Wire 2012
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Financials ($)
Sales 2017 9 225 M
EBIT 2017 1 383 M
Net income 2017 910 M
Finance 2017 688 M
Yield 2017 1,92%
P/E ratio 2017 20,35
P/E ratio 2018 19,48
EV / Sales 2017 1,90x
EV / Sales 2018 1,80x
Capitalization 18 199 M
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Mean consensus HOLD
Number of Analysts 10
Average target price 39,4 $
Spread / Average Target 15%
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NameTitle
James P. Snee President, Chief Executive Officer & Director
Jeffrey M. Ettinger Chairman
Michael Guanella Chief Operating Officer
James N. Sheehan Chief Financial Officer, CAO & Vice President
Kevin L. Myers Senior Vice President-Research & Development
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