Hormel Foods Corporation has announced its fourth quarter and full-year fiscal 2024 results. Despite outperforming the market repeatedly, the food company's Q3 performance was dampened for unspecified reasons. There were concerns about the company's stock underperforming the Nasdaq. Notable announcements from the company include declaration of a quarterly dividend, and a significant increase in the dividend rate to $0.29. Also announcing its 59th consecutive increase to the annual dividend and appointment of Mike Clausman as Vice President, Deputy General Counsel and Assistant Secretary. However, investors have seen a 22% loss over the last three years. Hormel Foods was also recently named to Forbes list of America’s Best Employers for Women 2024. The company is seen engaging in various initiatives, including showcasing meaningful progress in its 18th Annual Global Impact Report. However, concerns arise as the company's stock tends to drop amid speculations of Hormel Foods' financial prospects not looking very positive. The company is still gearing up for Q4 earnings and continuous pressure on whole-bird turkey prices has dinged their earnings.
Hormel Foods Corporation HRL News Analytics from Tue, 23 Jan 2024 08:00:00 GMT to Fri, 27 Dec 2024 22:17:00 GMT -
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- Innovation -2
- Information 3
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