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
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