Hormel Foods Announces Regular Quarterly Dividend

    AUSTIN, Minn., Sept. 29 /PRNewswire/ -- The Board of Directors of Hormel
 Foods Corporation (NYSE:   Hormel), Austin, Minn.-based consumer-branded meat
 and food processing firm, today declared a regular quarterly dividend of $.16
 a share on the common capital stock of the corporation.
     The dividend is to be paid Nov. 15, 1998, to shareholders of record at the
 close of business on Oct. 24, 1998.
     This is the 281st consecutive quarterly dividend paid by the Company.

SOURCE Hormel Foods

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