The J. M. Smucker Company Announces Dividend Increase

Rhea-AI Summary

The J. M. Smucker Company (SJM) has announced a quarterly dividend increase from $0.88 to $0.90 per share, effective September 1, 2020. This decision marks the nineteenth consecutive year of dividend growth, reflecting the company's commitment to returning value to shareholders. Shareholders of record as of August 14, 2020, will be eligible for this payout. The announcement underscores Smucker's stable financial position within the consumer goods sector.

Positive

• Increased quarterly dividend from $0.88 to $0.90 per share.
• Nineteenth consecutive year of dividend growth.

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• None.

ORRVILLE, Ohio, July 21, 2020 /PRNewswire/ -- The J. M. Smucker Company (NYSE: SJM) (the "Company") today announced its Board of Directors approved an increase in the quarterly dividend from $0.88 to $0.90 per common share. The dividend will be paid on Tuesday, September 1, 2020, to shareholders of record at the close of business on Friday, August 14, 2020. The Company remains committed to returning value to shareholders, as this represents the nineteenth consecutive year of dividend growth.

The J. M. Smucker Company 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 2020 fiscal year ended April 30, 2020) 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 Company
Inspired by more than 120 years of business success and five generations of family leadership, The J. M. Smucker Company makes food that people and pets love. The Company's portfolio of 40+ brands, which are found in 90 percent of U.S. homes and countless restaurants, include iconic products consumers have always loved such as Folgers^®, Jif^®, and Milk-Bone^® plus new favorites like Café Bustelo^®, Smucker's^® Uncrustables^®, and Rachael Ray^® Nutrish^®. Over the past two decades, the Company has grown rapidly by thoughtfully acquiring leading and emerging brands, while ensuring the business has a positive impact on its 7,000+ employees, the communities it is a part of, and the planet. For more information about The J. M. Smucker Company, visit jmsmucker.com.

The J. M. Smucker Company 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 Company

FAQ

What is the new dividend amount for J. M. Smucker Company (SJM)?

The new dividend amount is $0.90 per share.

When will the dividend be paid to shareholders of SJM?

The dividend will be paid on September 1, 2020.

Who is eligible for the J. M. Smucker Company dividend?

Shareholders of record at the close of business on August 14, 2020, are eligible.

How many years has J. M. Smucker Company increased its dividend?

The company has increased its dividend for nineteen consecutive years.

What does the dividend increase indicate about J. M. Smucker Company’s financial health?

The dividend increase indicates a strong commitment to returning value to shareholders and reflects the company's stable financial position.