Crown Equity Holdings, Inc.: CRWENews Highlights: HRL, MDT

Hormel Foods Increases Annual Dividend

The Board of Directors of Hormel Foods Corporation (NYSE: HRL), a multinational marketer of consumer-branded food and meat products, today November 24, 2009 announced its 44th consecutive annual dividend increase. The annual dividend on the common stock of the corporation was raised to $.84 per share from $.76 per share. A quarterly dividend on the common stock was also authorized by the Board of Directors at 21 cents (21Ac) a share. The quarterly dividend will be paid Feb. 15, 2010, to stockholders of record at the close of business on Jan. 23, 2010.

About Hormel Foods

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.

Medtronic Second Quarter Revenue Increases 8% to $3.838 Billion; Raises EPS Guidance for Current Fiscal Year

Medtronic, Inc. (NYSE:MDT) today November 24, 2009 announced financial results for its second quarter of fiscal year 2010, which ended Oct. 30, 2009.

The company reported second quarter revenue of $3.838 billion, an 8 percent increase as reported and on a constant currency basis compared to the $3.570 billion reported in the second quarter of fiscal year 2009. Reported second quarter net earnings were $868 million, or $0.78 per diluted share, increasing 59 and 63 percent, respectively, over the same period in the prior year. As detailed in the attached table, after adjusting for a litigation gain and the impact of adopting a new accounting standard for non-cash interest expense on convertible debt effective the beginning of fiscal year 2010, second quarter net earnings and diluted earnings per share on a non-GAAP basis were $850 million and $0.77, an increase of 12 percent and 15 percent, respectively, over the same period in the prior year.

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Forward-Looking Statement: This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements and/or Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.

CONTACT: Kenneth Bosket, ccollins@crownequityholdings.com
Crown Equity Holdings, Inc.
9663 Saint Claude Avenue.
Las Vegas, NV 89148
USA
Phone: 702-448-1543
Fax : 702-258-9007

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