Hormel Foods (HRL) Posts Q4 EPS of $0.45; Guides FY17 EPS
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November 22, 2016 6:30 AM EST
AUSTIN, Minn.--(BUSINESS WIRE)--
Hormel Foods Corporation (NYSE: HRL) today reported record performance
for the fiscal year 2016 fourth quarter and full year.
All comparisons are to the fourth quarter or full year of fiscal 2015.
The fourth quarter and full year of 2016 contains an extra week as
compared to the prior year. All earnings per share measures are adjusted
to reflect the two-for-one stock split distributed on February 9, 2016.
SUMMARY
Fourth Quarter
Record diluted earnings per share of $0.45, up 29 percent from 2015
GAAP EPS of $0.35;...
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November 21, 2016 4:45 PM EST
AUSTIN, Minn.--(BUSINESS WIRE)--
The Board of Directors of Hormel Foods Corporation (NYSE: HRL), a
multinational marketer of consumer-branded food and meat products, today
announced a 17 percent increase to the annual dividend to shareholders,
marking the 51st consecutive annual dividend increase.
The annual dividend on the common stock of the corporation was raised to
$0.68 per share from $0.58 per share.
The Board of Directors authorized the... More
