ORRVILLE, Ohio, U.S. – The J. M. Smucker Company announced on Wednesday July 13th that the Board of Directors has approved an increase in the quarterly dividend from $0.67 to $0.75 per common share, an increase of 12 percent.
The dividend will be paid on Thursday, September 1, 2016, to shareholders of record at the close of business on Friday, August 12, 2016.
“We are pleased with the Board’s action to significantly increase the quarterly dividend rate, which represents our fifteenth consecutive year of dividend growth,” commented Mark Smucker, Chief Executive Officer.
“This action reflects the confidence we have in the ongoing growth potential of our businesses and brands, and the Company’s continued focus on returning a significant portion of its free cash flow back to shareholders.”
