J. M. Smucker (SJM) Raises Quarterly Dividend 4.7% to $0.67; 2.5% Yield

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Go back to J. M. Smucker (SJM) Raises Quarterly Dividend 4.7% to $0.67; 2.5% Yield

The J. M. Smucker Company Announces Dividend Increase

July 16, 2015 5:15 PM EDT

ORRVILLE, Ohio, July 16, 2015 /PRNewswire/ -- The J. M. Smucker Company (NYSE: SJM) today announced that the Board of Directors has approved an increase in the quarterly dividend from $0.64 to $0.67 per common share, an increase of five percent.  The dividend will be paid on Tuesday, September 1, 2015, to shareholders of record at the close of business on Friday, August 14, 2015.

"We are pleased with the Board's action to increase the quarterly dividend rate, which reflects the confidence we have in our business and its ability to generate strong cash flow," commented... More