The Board of Directors of Hormel Foods Corporation announced a 6% increase to the annual dividend to shareholders, marking the 56th consecutive annual dividend increase. The annual dividend on the common stock of the corporation was raised to $1.04 per share from $0.98 per share. The Board of Directors authorized the first quarterly dividend of 26.00 cents ($0.2600) a share to be paid on February 15, 2022, to stockholders of record at the close of business on January 18, 2022. The February 15 payment will be the 374th consecutive quarterly dividend paid by the company.