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Hormel Foods increases quarterly dividend

AUSTIN, Minn. (AP) -- Hormel Foods Corp. said Wednesday that it is adjusting the cut-off date for shareholders to receive its quarterly dividend payment.

The meat company will pay a dividend of 17 cents per share on Feb. 15 to shareholders of record as of Jan. 22. That is one day later than the Jan. 21 date the company stated when it first announced the dividend increase in November.

Hormel's quarterly dividend payment is up from its most recent quarterly dividend of 15 cents per share.

The company, based in Austin, Minn., makes products such as Spam and Jennie-O Turkey.

Hormel has paid a regular quarterly dividend without interruption since it became a public company in 1928.