Financials & Governance
At Hormel Foods, we align our sustainability practices with our financial goals to guide our day-to-day business operations. In this way, we excel as a company and improve our sustainability performance while adhering to the highest standards of ethics.
For 48 consecutive years, the company has increased its annual dividend. Since 2007, the return has been an annual dividend that increased an average of 15 percent per year.
Hormel Foods continues to grow, achieving sales growth of 6 percent, and increasing earnings per share by 5 percent in 2013 to a record $1.95 per share.
Governance and Policies
The Board of Directors oversees all activities at Hormel Foods and assumes the ultimate responsibility of ensuring that the company’s performance is based on strong ethical practices and aligned with the Code of Ethical Business Conduct. In 2013, the Hormel Foods Board of Directors consisted of 12 members, 10 of whom were independent. Of the 2013 12-member Board of Directors, there were four women and three persons of color.
More information about our board structure can be found in the 2013 Proxy Statement.
To read more about our corporate governance and our policies on risk management, performance-based executive compensation and our anonymous compliance hotline and website, visit Corporate Governance.