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

Delayed Quote. Delayed  - 08/23 10:03:44 pm
39.08 USD   -1.09%
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Hormel Foods Corporation : Declares Quarterly Dividend

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03/26/2012 | 11:30pm CEST

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 2016 9 487 M
EBIT 2016 1 307 M
Net income 2016 884 M
Finance 2016 64,5 M
Yield 2016 1,45%
P/E ratio 2016 24,25
P/E ratio 2017 23,90
EV / Sales 2016 2,20x
EV / Sales 2017 2,12x
Capitalization 20 935 M
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Sell
Buy
Mean consensus HOLD
Number of Analysts 7
Average target price 41,4 $
Spread / Average Target 4,9%
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Managers
NameTitle
Jeffrey M. Ettinger Chairman & Chief Executive Officer
James P. Snee President & Director
Michael Guanella Chief Operating Officer
Jody H. Feragen Chief Financial Officer, Director & Executive VP
Kevin L. Myers Senior Vice President-Research & Development
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