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Hormel Foods Raised Its Payout in a Slim Week for Dividend Increases
The days leading up to Thanksgiving produced very few dividend-increase announcements, an exception being Hormel Foods.
The global branded-food company, based in Austin, Minn., plans to boost its annual dividend to $1.04 a share, up from 98 cents. That’s a 6% increase.
Hormel Foods (ticker: HRL) has a broad portfolio of products with brands…