Hormel Foods Corp. said late Monday its board of directors has authorized a 10% increase to the company’s annual dividend, to 75 cents a share from 68 cents a share, the company said in a statement. The first dividend of 18.75 cents is payable Feb. 15 to shareholders of record Jan. 16, Hormel said. Shares of Hormel were flat in late trading after ending the regular session up 0.9%.
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