07-15-2022, 09:07 PM
ORRVILLE, Ohio, July 15, 2022 /PRNewswire/ -- The J.M. Smucker Co. (NYSE: SJM) today announced its Board of Directors approved an increase in the quarterly dividend from $0.99 to $1.02 per common share, an increase of three percent. The dividend will be paid on Thursday, September 1, 2022, to shareholders of record at the close of business on Friday, August 12, 2022. The Company remains committed to returning value to shareholders, as this represents the 21st consecutive year of dividend growth.
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“While the dividend itself is merely a rearrangement of equity, over time it's more like owning an apple tree. The tree grows the apples back again and again and again, and the theoretical value of the tree doesn't change just because of when the apples are about to fall.” - earthtodan
“While the dividend itself is merely a rearrangement of equity, over time it's more like owning an apple tree. The tree grows the apples back again and again and again, and the theoretical value of the tree doesn't change just because of when the apples are about to fall.” - earthtodan