Hormel Foods announced plans to keep its quarterly dividend steady at $0.17 per share of common stock. The consumer-branded food company has paid this amount to investors since February 2013, after boosting its payout 13% from $0.15 per share. Hormel's latest dividend will be payable on Nov. 15 to shareholders of record as of Sept. 23.
Annualized, Hormel's dividend payout comes out to $0.68 per share. As of the market's close on Sept. 23, the company's stock was trading at $43.46. This means the company currently has a 1.6% dividend yield.
The article Hormel Foods Keeps Dividend Steady originally appeared on Fool.com.Fool contributor Caroline Bennett has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.