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Hormel income advances 13%
date:Nov 21, 2012
Finally, we met our goal of $2 billion in sales of new products by 2012, Ettinger said.

This morning we announced an $.08 per share increase to the annual dividend (or 13 percent), making the new dividend $.68 per share. This marks the 47th consecutive year in which we have increased our dividend, and provides further evidence of our intention to deliver superior total returns to our shareholders, he added.

Segment highlights included:

Grocery Products accounted for 16 percent of net sal

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