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J M Smucker Hikes Dividend By 10%

J M Smucker Hikes Dividend By 10%
  • J M Smucker Co (NYSE: 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 20th 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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