Smucker to raise dividend 8%
July 19, 2012
by Eric Schroeder
ORRVILLE, OHIO — The board of directors of the J. M. Smucker Co. has approved an increase in the quarterly dividend to 52c per share from 48c, an increase of approximately 8%. The dividend will be paid on Sept. 4 to shareholders of record at the close of business on Aug. 10.
“We are pleased with the board’s action to increase the quarterly dividend by 8%,” said Richard Smucker, chief executive officer. “This reflects the confidence we have in the long-term growth potential of our business and its ability to generate strong cash flow.”