Hormel Foods 2013 Annual Report Download - page 62

Download and view the complete annual report

Please find page 62 of the 2013 Hormel Foods annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 66

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66

Shareholder Information
60
The company participates in the Direct Registration Profile
Modification System (DRPMS). Transfers or issuances of shares
are now issued in book-entry form, unless you specifically
request a stock certificate. A statement will be delivered to you
reflecting any transactions processed in your account.
The transfer agent makes shareholder account data available
to shareholders of record via the Internet. This service allows
shareholders to view various account details, such as certificate
information, dividend payment history, and dividend reinvestment
plan records, over a secure Internet connection with the required
entry of an account number and authentication ID. Information is
available 24 hours per day, 7 days a week. If you are interested,
you may use the website www.shareowneronline.com and access
“Sign Up Now!” to arrange for setup.
DIVIDEND REINVESTMENT PLAN
Hormel Foods Corporation’s Dividend Reinvestment Plan, avail-
able to record shareholders, allows for full dividend reinvestment
and voluntary cash purchases with brokerage commissions or
other service fees paid by the Company. Automatic debit for cash
contribution is also available. This is a convenient method to have
money automatically withdrawn each month from a checking or
savings account and invested in your Dividend Reinvestment Plan
account. To enroll in the plan or obtain additional information,
contact Wells Fargo Shareowner Services, using the address or
telephone number provided, listed previously in this section as
Company transfer agent and registrar. Enrollment in the plan is
also available on the Internet at www.shareowneronline.com.
An optional direct dividend deposit service offers shareholders
a convenient method of having quarterly dividend payments
electronically deposited into their personal checking or
savings account. The dividend payment is made in the
account each payment date, providing shareholders with
immediate use of their money. For information about the
service and how to participate, contact Wells Fargo
Shareowner Services, transfer agent. You may also activate
this feature on the Internet at www.shareowneronline.com.
DIVIDENDS
The declaration of dividends and all dates related to the decla-
ration of dividends are subject to the judgment and discretion of
the Board of Directors of Hormel Foods Corporation. Quarterly
dividends are typically paid on the 15th of February, May, August,
and November. Postal delays may cause receipt dates to vary.
INDEPENDENT AUDITORS
Ernst & Young LLP
220 South Sixth Street, Ste. 1400
Minneapolis, MN 55402-4509
STOCK LISTING
Hormel Foods Corporation’s common stock
is traded on the New York Stock Exchange
under the symbol HRL. The CUSIP number
is 440452100.
There are approximately 11,500 record shareholders and 41,000
shareholders whose shares are held in street name by brokerage
firms and financial institutions.
COMMON STOCK DATA
The high and low prices of the Company’s common stock and the
dividends per share declared for each fiscal quarter of 2013 and
2012, respectively, are shown below:
2013 High Low Dividend
First Quarter $35.38 $29.32 $0.17
Second Quarter 42.09 34.60 0.17
Third Quarter 43.17 37.46 0.17
Fourth Quarter 44.22 40.60 0.17
2012 High Low Dividend
First Quarter $30.33 $28.17 $0.15
Second Quarter 29.65 27.98 0.15
Third Quarter 30.70 27.70 0.15
Fourth Quarter 29.85 27.28 0.15
TRANSFER AGENT AND REGISTRAR
Wells Fargo Shareowner Services
1110 Centre Pointe Curve, Suite 101
MAC N9173-010
Mendota Heights, MN 55120
www.shareowneronline.com
For the convenience of shareholders, a toll-free number
(1-877-536-3559) can be used whenever questions arise
regarding changes in registered ownership, lost or stolen
certificates, address changes, or other matters pertaining to
the transfer of stock or shareholder records. When requesting
information, shareholders must provide their Wells Fargo
account number or tax identification number, the name(s) in
which their stock is registered, and their record address.