The J.M. Smucker Co. (SJM) has announced a dividend increase of four percent, demonstrating the company's commitment to delivering value to its shareholders. With this latest development, the company continues its remarkable streak of dividend growth for the 22nd consecutive fiscal year. The higher dividend will be paid to shareholders on September 1, 2023, and is a testament to the company's strong financial performance and long-term stability.

‍

Dividend Increase and Details

The J.M. Smucker Co. has approved a quarterly dividend increase from $1.02 to $1.06 per common share, representing a four percent rise. This decision reflects the company's confidence in its ability to generate consistent profits and cash flow. Shareholders will benefit from this increase, further enhancing the appeal of investing in SJM.

‍

Payment Date and Eligibility

The next dividend payment will take place on Friday, September 1, 2023. To qualify for this dividend, investors must be registered as shareholders by the end of business on Friday, August 18, 2023. This timeframe provides an opportunity for interested investors to secure their positions and become eligible for the dividend payment.

‍

Commitment to Shareholder Value

The J.M. Smucker Co. has consistently prioritized its shareholders by returning value through dividends. With the recent increase, the company has showcased its dedication to providing a reliable stream of income to its investors. The 22nd consecutive year of dividend growth highlights SJM's strong financial position and long-term commitment to generating shareholder wealth.