J. M. Smucker (SJM) Raises Quarterly Dividend 11.9% to $0.75; 2% Yield

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Go back to J. M. Smucker (SJM) Raises Quarterly Dividend 11.9% to $0.75; 2% Yield

The J. M. Smucker Company Announces Dividend Increase

July 13, 2016 5:10 PM EDT

ORRVILLE, Ohio, July 13, 2016 /PRNewswire/ -- The J. M. Smucker Company (NYSE: SJM) today announced that the Board of Directors has approved an increase in the quarterly dividend from $0.67 to $0.75 per common share, an increase of 12 percent.  The dividend will be paid on Thursday, September 1, 2016, to shareholders of record at the close of business on Friday, August 12, 2016.

"We are pleased with the Board's action to significantly increase the quarterly dividend rate, which represents our fifteenth consecutive year of dividend growth," commented Mark Smucker, Chief Executive Officer.  "This action reflects the... More