The J.M. Smucker Co. Announces Dividend Increase

Rhea-AI Summary

The J.M. Smucker Co. (SJM) announced a quarterly dividend increase from $0.90 to $0.99 per share, marking a 10% rise. This increase reflects the company's commitment to delivering shareholder value and represents the 20th consecutive year of dividend growth. The dividend will be disbursed on September 1, 2021, to shareholders who are on record as of August 13, 2021. This decision underscores Smucker's financial stability and ongoing strategy to enhance returns for investors.

Positive

• Quarterly dividend increased from $0.90 to $0.99 per share (10% rise)
• 20th consecutive year of dividend growth
• Demonstrates commitment to returning value to shareholders

Negative

• None.

ORRVILLE, Ohio, July 8, 2021 /PRNewswire/ -- The J.M. Smucker Co. (NYSE: SJM) today announced its Board of Directors approved an increase in the quarterly dividend from $0.90 to $0.99 per common share, an increase of 10 percent. The dividend will be paid on Wednesday, September 1, 2021, to shareholders of record at the close of business on Friday, August 13, 2021. The Company remains committed to returning value to shareholders, as this represents the 20^th consecutive year of dividend growth.

The J.M. Smucker Co. Forward-Looking Statements

This press release contains a forward-looking statement about dividends. This statement is made on the basis of the Company's views and assumptions as of this time, and the Company undertakes no obligation to update this statement unless required by law. This statement is not a guarantee of future performance, and actual events or results may differ materially from this statement. Investors should consult the Company's filings with the Securities and Exchange Commission (including the information set forth under the caption "Risk Factors" in the Company's Annual Report on Form 10-K for the 2021 fiscal year ended April 30, 2021) for information about certain factors that could cause such differences. Copies of these filings may be obtained by visiting the Company's website at jmsmucker.com.

About The J.M. Smucker Co.

Each generation of consumers leaves their mark on culture by establishing new expectations for food and the companies that make it. At The J.M. Smucker Co., it is our privilege to be at the heart of this dynamic with a diverse portfolio that appeals to each generation of people and pets and is found in nearly 90 percent of U.S. homes and countless restaurants. This includes a mix of iconic brands consumers have always loved such as Folgers®, Jif® and Milk-Bone® and new favorites like Café Bustelo®, Smucker's® Uncrustables® and Rachael Ray® Nutrish®. By continuing to immerse ourselves in consumer preferences and acting responsibly, we will continue growing our business and the positive impact we have on society. For more information, please visit jmsmucker.com.

The J.M. Smucker Co. is the owner of all trademarks referenced herein except for Rachael Ray^®, a registered trademark of Ray Marks II LLC, which is used under license.

 

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SOURCE The J.M. Smucker Co.

FAQ

What is the new dividend amount for SJM?

The new dividend amount for The J.M. Smucker Co. (SJM) is $0.99 per share.

When will the dividend for SJM be paid?

The dividend will be paid on September 1, 2021.

What is the record date for SJM's dividend?

The record date for the dividend is August 13, 2021.

How long has SJM been increasing its dividend?

The J.M. Smucker Co. has increased its dividend for 20 consecutive years.

What percentage increase was announced for SJM's dividend?

The announced increase is 10%.