Last week in dividend hikes: Hormel, HP

Here are last week's dividend hikes and special dividends, all first covered on InvestingPro+ - including several hikes predicted by data from Investing.com and StreetInsider last weekend. Get a jump on this week's likely dividend hikes.

1. Hormel Foods (NYSE:HRL) hiked its quarterly dividend by 5.8% to $0.275 per share, or $1.10 annualized, with an annual yield of 2.2%. The dividend will be payable on February 15, 2023, to stockholders of record on January 17, 2023, with an ex-dividend date of January 13, 2023. (Predicted last week)

2. Farmers National Banc Corp (NASDAQ:FMNB) hiked its quarterly dividend by 6.3% to $0.17 per share, or $0.68 annualized, with an annual yield of 4.5%. The dividend will be payable on December 30, 2022, to stockholders of record on December 9, 2022, with an ex-dividend date of December 8, 2022. (Predicted last week)

3. HP (NYSE:HPQ) hiked its quarterly dividend by 5% to $0.2625 per share, or $1.05 annualized, with an annual yield of 3.6%. The dividend will be payable on January 4, 2023, to stockholders of record on December 14, 2022, with an ex-dividend date of December 13, 2022.

4. Northeast Indiana Bancorp Inc (OTC:NIDB) declared a special dividend of $1.25 per share, with an annual yield of 3%. The dividend will be payable on December 22, 2022, to stockholders of record on December 8, 2022, with an ex-dividend date of December 7, 2022.

5. PC Connection (NASDAQ:CNXN) declared a special dividend of $0.34 per share.

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