The revised dividend reaches shareholders of record on August 14, with payments scheduled for September 1. This adjustment brings the annualized payout to $4.48 per share. Based on the closing price of $112.01 recorded last Friday, the new rate reflects a dividend yield of approximately 4%.
J.M. Smucker Extends Dividend Streak to 25 Years
J.M. Smucker is nudging its quarterly cash payout upward, marking a quarter-century of consistent dividend growth for the food manufacturer. The board approved a 1.8% increase, moving the distribution from $1.10 to $1.12 per share, signaling a steady return for investors despite broader market volatility.
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