ORRVILLE, Ohio, US – The J. M. Smucker Company yesterday announced that the Board of Directors has approved an increase in the quarterly dividend from $0.58 to $0.64 per common share, an increase of ten percent.
The dividend will be paid on Tuesday, September 2, 2014, to shareholders of record at the close of business on Friday, August 15, 2014.
“We are pleased with the Board’s action to increase the quarterly dividend by ten percent,” commented Richard Smucker, Chief Executive Officer.
“This action, which represents our thirteenth consecutive year of dividend growth, reflects the confidence we have in the long-term growth of our business.
We have paid a dividend each year since becoming a publicly traded company in 1959 and this remains an important component of creating value for our shareholders.”
