Hormel Foods and HP Inc. Declare Dividend Increases -- Barrons.com

Dow Jones2022-11-26

By Lawrence C. Strauss

Hormel Foods and HP declared dividend increases in a light week for such announcements before the Thanksgiving holiday.

Hormel Foods (ticker: HRL) said it would increase its annual dividend by 6%. The company's annual payout will get bumped up to $1.10 a share from $1.04. The quarterly dividend will increase to 27.5 cents a share from 26 cents.

This marks the 57(th) consecutive year in which the company's annual dividend has increased. Hormel is a member of the S&P 500 Dividend Aristocrats Index, whose members have paid out a higher dividend for at least 25 straight years.

The stock, which yields 2.2%, has returned about 3% this year through Friday, dividends included, compared with minus 14% for the S&P 500.

HP $(HPQ)$ declared a quarterly disbursement of 26.25 cents a share, an increase of about 5%. That will boost the annualized dividend to $1.05.

Shares of the tech company have returned about minus 18% this year. They yield 3.5%.

Elsewhere, a handful of S&P 500 companies said recently they would maintain their dividends at current levels, including Analog Devices $(ADI)$ at 76 cents a share, Air Products and Chemicals $(APD)$ at $1.62, and FedEx $(FDX.AU)$ at $1.15.

Others included Allstate $(ALL)$ at 85 cents a share, Halliburton $(HAL.UK)$ at 12 cents, LyondellBasell Industries $(LYB)$ at $1.19, PPL $(PPL)$ at 22.5 cents, and Extra Space Storage $(EXR)$ at $1.50.

Rounding out that list are Best Buy $(BBY)$ at 88 cents a share and Cincinnati Financial $(CINF)$ at 69 cents.

Write to Lawrence C. Strauss at lawrence.strauss@barrons.com

(END) Dow Jones Newswires

November 26, 2022 07:29 ET (12:29 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2286308144?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2022-11-26 20:29","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2286308144","market":"hk","top_or_hot":-1,"title":"Hormel Foods and HP Inc. Declare Dividend Increases -- Barrons.com","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\nBy Lawrence C. Strauss \n</pre>\n<p>\n     Hormel Foods and HP declared dividend increases in a light week for such announcements before the Thanksgiving holiday. \n</p>\n<p>\n     Hormel Foods (ticker: HRL) said it would increase its annual dividend by 6%. The company's annual payout will get bumped up to $1.10 a share from $1.04. The quarterly dividend will increase to 27.5 cents a share from 26 cents. \n</p>\n<p>\n     This marks the 57(th) consecutive year in which the company's annual dividend has increased. Hormel is a member of the S&amp;P 500 Dividend Aristocrats Index, whose members have paid out a higher dividend for at least 25 straight years. \n</p>\n<p>\n     The stock, which yields 2.2%, has returned about 3% this year through Friday, dividends included, compared with minus 14% for the S&amp;P 500. \n</p>\n<p>\n     HP <a href=\"https://laohu8.com/S/HPQ\">$(HPQ)$</a> declared a quarterly disbursement of 26.25 cents a share, an increase of about 5%. That will boost the annualized dividend to $1.05. \n</p>\n<p>\n     Shares of the tech company have returned about minus 18% this year. They yield 3.5%. \n</p>\n<p>\n     Elsewhere, a handful of S&amp;P 500 companies said recently they would maintain their dividends at current levels, including Analog Devices <a href=\"https://laohu8.com/S/ADI\">$(ADI)$</a> at 76 cents a share, Air Products and Chemicals <a href=\"https://laohu8.com/S/APD\">$(APD)$</a> at $1.62, and FedEx <a href=\"https://laohu8.com/S/FDX.AU\">$(FDX.AU)$</a> at $1.15. \n</p>\n<p>\n     Others included Allstate <a href=\"https://laohu8.com/S/ALL\">$(ALL)$</a> at 85 cents a share, Halliburton <a href=\"https://laohu8.com/S/HAL.UK\">$(HAL.UK)$</a> at 12 cents, LyondellBasell Industries <a href=\"https://laohu8.com/S/LYB\">$(LYB)$</a> at $1.19, PPL <a href=\"https://laohu8.com/S/PPL\">$(PPL)$</a> at 22.5 cents, and Extra Space Storage <a href=\"https://laohu8.com/S/EXR\">$(EXR)$</a> at $1.50. \n</p>\n<p>\n     Rounding out that list are Best Buy <a href=\"https://laohu8.com/S/BBY\">$(BBY)$</a> at 88 cents a share and Cincinnati Financial <a href=\"https://laohu8.com/S/CINF\">$(CINF)$</a> at 69 cents. \n</p>\n<p>\n     Write to Lawrence C. Strauss at lawrence.strauss@barrons.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 26, 2022 07:29 ET (12:29 GMT)\n</p>\n<p>\n  Copyright (c) 2022 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hormel Foods and HP Inc. Declare Dividend Increases -- Barrons.com</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHormel Foods and HP Inc. Declare Dividend Increases -- Barrons.com\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-26 20:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>By Lawrence C. Strauss \n\n\n     Hormel Foods and HP declared dividend increases in a light week for such announcements before the Thanksgiving holiday. \n\n\n     Hormel Foods (ticker: HRL) said it would ...</p>\n\n<a href=\"http://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00BD6J9T35.USD","symbol_name":"NEUBERGER BERMAN NEXT GENERATION MOBILITY \"A\" (USD) ACC","start_time":0,"source_url":"http://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2286308144","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2286308144","pubTimestamp":1669465740,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"By Lawrence C. Strauss \n\n\n     Hormel Foods and HP declared dividend increases in a light week for s","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"IE00BD6J9T35.USD":"NEUBERGER BERMAN NEXT GENERATION MOBILITY \"A\" (USD) ACC","LU0444971666.USD":"天利全球科技基金","BK4561":"索罗斯持仓","LU1244550221.USD":"FRANKLIN GLOBAL MULTI-ASSET  INCOME \"A\" (USDHEDGED) INC (M)","LU1244550577.SGD":"FTIF - Franklin Global Multi-Asset Income A (Mdis) SGD-H1","LU1642822529.SGD":"THREADNEEDLE (LUX) GLOBAL TECHNOLOGY \"A\" (SGD) ACC","BK4504":"桥水持仓","BK4512":"苹果概念","LU1244550494.USD":"FRANKLIN GLOBAL MULTI-ASSET INCOME \"A\" (USDHEDGED) ACC","BK4092":"石油与天然气钻井","ALL":"好事达","BK4170":"电脑硬件、储存设备及电脑周边","LU1815336760.USD":"THREADNEEDLE (LUX) GLOBAL TECHNOLOGY \"AUP\" (USD) INC","LU0957808578.USD":"THREADNEEDLE (LUX) GLOBAL TECHNOLOGY \"ZU\" (USD) ACC","ADI":"亚德诺","BK4539":"次新股","BK4107":"财产与意外伤害保险","HRL":"荷美尔","TERN":"Terns Pharmaceuticals, Inc.","BK4212":"包装食品与肉类","BK4515":"5G概念","BK4191":"家用电器","BK4585":"ETF&股票定投概念","BK4139":"生物科技","LU1992135399.USD":"Allianz Global Intelligent Cities AT Acc USD","LU2272731782.SGD":"Allianz Global Intelligent Cities AM Dis H2-SGD","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4101":"工业气体","BK4007":"制药","LU2272731600.USD":"Allianz Global Intelligent Cities AM Dis USD","HP":"赫尔默里奇和佩恩材料","LU2237438978.USD":"Amundi Funds US Pioneer A2 (C) USD","APD":"空气化工","HPQ":"惠普","LU1992135472.HKD":"ALLIANZ GLOBAL INTELLIGENT CITIES \"AT\" (HKD) ACC","BOLT":"Bolt Biotherapeutics, Inc.","CRCT":"Cricut, Inc.","BK4550":"红杉资本持仓","BK4141":"半导体产品"},"translate_title":"荷美尔食品公司和惠普公司宣布增加股息","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TERN":1,"HRL":1,"HPQ":1,"HP":1,"CRCT":1,"BOLT":1,"ALL":0.9,"ADI":0.9,"APD":0.9},"content_text":"By Lawrence C. Strauss \n\n\n     Hormel Foods and HP declared dividend increases in a light week for such announcements before the Thanksgiving holiday. \n\n\n     Hormel Foods (ticker: HRL) said it would increase its annual dividend by 6%. The company's annual payout will get bumped up to $1.10 a share from $1.04. The quarterly dividend will increase to 27.5 cents a share from 26 cents. \n\n\n     This marks the 57(th) consecutive year in which the company's annual dividend has increased. Hormel is a member of the S&P 500 Dividend Aristocrats Index, whose members have paid out a higher dividend for at least 25 straight years. \n\n\n     The stock, which yields 2.2%, has returned about 3% this year through Friday, dividends included, compared with minus 14% for the S&P 500. \n\n\n     HP $(HPQ)$ declared a quarterly disbursement of 26.25 cents a share, an increase of about 5%. That will boost the annualized dividend to $1.05. \n\n\n     Shares of the tech company have returned about minus 18% this year. They yield 3.5%. \n\n\n     Elsewhere, a handful of S&P 500 companies said recently they would maintain their dividends at current levels, including Analog Devices $(ADI)$ at 76 cents a share, Air Products and Chemicals $(APD)$ at $1.62, and FedEx $(FDX.AU)$ at $1.15. \n\n\n     Others included Allstate $(ALL)$ at 85 cents a share, Halliburton $(HAL.UK)$ at 12 cents, LyondellBasell Industries $(LYB)$ at $1.19, PPL $(PPL)$ at 22.5 cents, and Extra Space Storage $(EXR)$ at $1.50. \n\n\n     Rounding out that list are Best Buy $(BBY)$ at 88 cents a share and Cincinnati Financial $(CINF)$ at 69 cents. \n\n\n     Write to Lawrence C. Strauss at lawrence.strauss@barrons.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 26, 2022 07:29 ET (12:29 GMT)\n\n\n  Copyright (c) 2022 Dow Jones & Company, Inc.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2286308144"}