The J.M. Smucker Co. Declares Dividend

Rhea-AI Summary

The J.M. Smucker Co. (SJM) announced a $0.90 per share dividend approved by its Board of Directors. This dividend is set to be paid on December 1, 2020, to shareholders recorded by the close of business on November 13, 2020. The company's diverse portfolio includes popular brands such as Folgers and Jif, appealing to a wide range of consumers across the U.S. This move reflects Smucker's commitment to returning value to shareholders while continuing to grow its market presence and brand loyalty.

Positive

• Dividend of $0.90 per share reflects strong shareholder returns.
• Payment scheduled for December 1, 2020, enhances shareholder confidence.

Negative

• None.

ORRVILLE, Ohio, Oct. 23, 2020 /PRNewswire/ -- The J.M. Smucker Co. (NYSE: SJM) today announced its Board of Directors approved a $0.90 per share dividend on the common shares of the Company. The dividend will be paid on Tuesday, December 1, 2020, to shareholders of record at the close of business on Friday, November 13, 2020.

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 portfolio that appeals to each generation of people and pets with products found in 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 and pet parent preferences for food, how it's purchased and how the companies that make it should operate, we will maintain the important role we play in their lives. This will allow us to continue growing our business and the positive impact we have on all of those who count on us.

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 dividend amount for J.M. Smucker Co. (SJM)?

The dividend amount is $0.90 per share.

When will the J.M. Smucker Co. (SJM) dividend be paid?

The dividend will be paid on December 1, 2020.

What is the record date for the J.M. Smucker Co. (SJM) dividend?

The record date is November 13, 2020.

How often does J.M. Smucker Co. (SJM) pay dividends?

J.M. Smucker Co. typically pays dividends quarterly.

Is the dividend from J.M. Smucker Co. (SJM) sustainable?

The sustainability of the dividend would depend on the company's future earnings and cash flow.