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Hormel Foods Corporation Declares Quarterly Dividend

AUSTIN, Minn | September 23, 2008
The Board of Directors of Hormel Foods Corporation (NYSE:HRL), an Austin, Minn.-based manufacturer and marketer of consumer-branded food and meat products, has declared a regular quarterly dividend of eighteen and one-half cents (18.5¢) per share on the common capital stock of the corporation.

The dividend is to be paid Nov. 15, 2008, to stockholders of record at the close of business on Oct. 18, 2008.

This is the 321st quarterly dividend.

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 leverages its extensive expertise, innovation and high competencies in pork and turkey processing and marketing to bring quality, value-added brands to the global marketplace. For each of the past nine years, Hormel Foods has been named one of “The Best Big Companies in America” by Forbes magazine. The company enjoys a strong reputation among consumers, retail grocers and foodservice customers for products highly regarded for quality, taste, nutrition, convenience and value. For more information, visit www.hormelfoods.com.

### Topics: Company, Financial

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