J M Smucker Hikes Dividend By 10%

by Shivani Kumaresan, Benzinga Staff Writer

July 9, 2021 9:35 AM | 26 seconds read | Make a Comment

J M Smucker Co SJM said its Board of Directors approved a 10% hike in the quarterly dividend from $0.90 to $0.99 per common share.
The dividend will be paid on September 1, 2021, to shareholders of record at the close of business on Friday, August 13, 2021.
The hike represents the 20^th consecutive year of dividend growth.
Cash and equivalents of the company totaled $334.3 million as of April 30, 2021.
Price action: SJM shares closed higher by 0.38% at $129.53 on Thursday.

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