Hormel Foods (HRL) Misses Q4 EPS by 1c, Raises Dividend

(Updated - November 24, 2020 6:35 AM EST)

Hormel Foods (NYSE: HRL) reported Q4 EPS of $0.43, $0.01 worse than the analyst estimate of $0.44. Revenue for the quarter came in at $2.4 billion versus the consensus estimate of $2.59 billion.

DIVIDENDS

"We announced a five percent increase to our annual dividend, making the new dividend $0.98 per share," Snee said. "This is the 55th consecutive year in which we've increased our dividend, which is a testament to the strong and consistent performance our company continues to deliver."

Effective Nov. 16, 2020, the company paid its 369th consecutive quarterly dividend at the annual rate of $0.93 per share

For earnings history and earnings-related data on Hormel Foods (HRL) click here.

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