ORRVILLE, Ohio, July 16, 2015 /PRNewswire/ -- The J. M. Smucker
Company (NYSE: SJM) today announced that the Board of Directors has
approved an increase in the quarterly dividend from $0.64 to $0.67 per
common share, an increase of five percent. The dividend will
be paid on Tuesday, September 1,
2015, to shareholders of record at the close of business on
Friday, August 14, 2015.
"We are pleased with the Board's action to increase the
quarterly dividend rate, which reflects the confidence we have in
our business and its ability to generate strong cash flow,"
commented Richard Smucker, Chief
Executive Officer. "This action represents our fourteenth
consecutive year of dividend growth, as dividends remain an
important component of creating value for our shareholders."
About The J. M. Smucker Company
For more than 115 years, The J. M. Smucker Company has been
committed to offering consumers quality products that bring
families together to share memorable meals and moments. Today,
Smucker is a leading marketer and manufacturer of consumer food and
beverage products and pet food and pet snacks in North America with projected annual net sales
of approximately $8 billion. In
consumer foods and beverages, its brands include
Smucker's®, Folgers®,
Jif®, Dunkin' Donuts®,
Crisco®, Pillsbury®, R.W.
Knudsen Family®, Hungry Jack®,
Cafe Bustelo®, Martha
White®, truRoots®,
Sahale Snacks®, Robin
Hood®, and Bick's®. In pet
food and pet snacks, its brands include Meow Mix®,
Milk-Bone®, Kibbles 'n Bits®, Natural
Balance®, and 9Lives®. The Company
remains rooted in the Basic Beliefs of Quality, People,
Ethics, Growth, and Independence established by its
founder and namesake more than a century ago. For more information
about the Company, visit jmsmucker.com.
The J. M. Smucker Company is the owner of all trademarks
referenced herein, except for the following, which are used under
license: Pillsbury® is a trademark of The
Pillsbury Company, LLC and Dunkin' Donuts® is a
registered trademark of DD IP Holder LLC.
Dunkin' Donuts® brand is licensed to The J. M.
Smucker Company for packaged coffee products sold in retail
channels such as grocery stores, mass merchandisers, club stores,
and drug stores. This information does not pertain to
Dunkin' Donuts® coffee or other products for sale
in Dunkin' Donuts® restaurants.
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SOURCE The J. M. Smucker Company