Benzinga | Nov 23, 2021 08:09AM EST

Hormel Foods Hikes Dividend By 6%

* Hormel Foods Corp (NYSE:HRL) announced its Board of Directors has approved a 6% hike to the annual dividend to shareholders.

* The company has raised the annual dividend on the common stock to $1.04 per share from $0.98 per share.

* The company's quarterly dividend of $0.26 share will be paid on Feb. 15, 2022, to stockholders of record on Jan. 18, 2022.

* Price Action: HRL shares are trading higher by 0.93% at $43.42 in premarket on the last check Tuesday.