Benzinga | Jan 11, 2022 10:18AM EST

Hormel Foods's Ex-Dividend Date Is Thursday, Here's What You Need To Know

Thursday marks the last chance for investors to receive the next dividend payout from Hormel Foods.

What's Happening

(NYSE:HRL) announced on Monday that it would pay shareholders a quarterly dividend of $0.26 per share. On Friday, Hormel Foods will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open $0.26 lower than it would have opened on any other day.

In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend datein this case, Friday. Shareholders who own HRL as of the end of Thursday's session are eligible to receive the $0.26 dividend payout for every share that they own.

According to the company, this dividend will be paid out to shareholders on February 15, 2022. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way.

To keep track of which companies are distributing dividends, click here to visit our Dividends Calendar.