ORRVILLE, Ohio – The Board of Directors of The J. M. Smucker Company declared a $0.58 per share dividend on the common shares of the Company to be paid on Monday, June 2, 2014, to shareholders of record at the close of business on Friday, May 16, 2014.
The Company also announced that its annual meeting of shareholders will be held on Wednesday, August 13, 2014.
The meeting will be held at 11:00 a.m., Eastern Time, at the Fisher Auditorium, Ohio Agricultural Research and Development Center, 1680 Madison Avenue, Wooster, Ohio.
Shareholders of record at the close of business on Monday, June 16, 2014, will be entitled to notice of the annual meeting and to vote on matters considered at the meeting.
During the fourth quarter of fiscal 2014, the Company completed the repurchase of 2,850,000 common shares under the Rule 10b5-1 trading plan entered into on February 19, 2014, and, as a result, has approximately 5,000 common shares remaining available for repurchase under its January 2013 Board authorization.
In other actions, the Board increased the Company’s share repurchase authorization by 5,000,000 common shares. Future share repurchases will occur at management’s discretion, and there is no guarantee as to the exact number of shares that may be repurchased.
Source: The J. M. Smucker Company
