Hormel Foods (NYSE: HRL) declared a quarterly dividend of $0.29 per share, or $1.16 annualized. This is a 16% increase from the prior dividend of $0.25.

The dividend will be payable on February 16, 2016, to stockholders of record on January 19, 2016, with an ex-dividend date of January 14, 2016.

The annual yield on the dividend is 1.7 percent.

For a dividend history and other dividend-related data on Hormel Foods (HRL) click here.