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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.

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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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