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Spam, Skippy give boost to Hormel's 4Q results

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AUSTIN, Minn. (AP) — Hormel Foods said Tuesday that its fiscal fourth-quarter net income rose 19 percent, benefiting from strong export sales of its Spam canned ham and Skippy peanut butter. Its performance beat analysts' expectations.

The Austin, Minn., company also boosted its annual dividend 18 percent to 80 cents per share from 68 cents per share.

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