The Board of Directors of Hormel Foods Corporation (NYSE: HRL), a multinational marketer of consumer-branded food and meat products, today declared a regular quarterly dividend of $.0925 a share on the common capital stock of the corporation.

The dividend is to be paid on August 15, 2001, to the shareholders of record at the close of business on July 21, 2001.

This is the 292nd consecutive quarterly dividend paid by the company.

About Hormel Foods Corporation

Hormel Foods Corporation, based in Austin, Minn., is a multinational manufacturer and marketer of consumer-branded food and meat products, many of which are among the best known and trusted in the food industry. The company enjoys a strong reputation among consumers, retail grocers, foodservice and industrial consumers for products regarded for quality, taste, nutrition, convenience and value.

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