Smucker Raises Dividend

J.M. Smucker (NYSE: SJM  ) is slathering on a little extra jelly for its shareholders. The company has elected to lift its dividend to $0.58 per share, to be paid on Sept. 3 to shareholders of record as of Aug. 16. That amount is $0.06, or 12%, higher than the preceding distribution of $0.52, which was handed out in each of Smucker's past four quarters.

In the press release announcing the pleasant news, the company quoted CEO Richard Smucker as saying that the increase "reflects the confidence we have in the long-term growth of our business and our ability to generate strong cash flow."

The new dividend annualizes to $2.32 per share. That yields 2.2% at Smucker's most recent closing stock price of $106.66.


Read/Post Comments (0) | Recommend This Article (2)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2538840, ~/Articles/ArticleHandler.aspx, 8/28/2014 9:30:02 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement