The J.M. Smucker Co. Declares Dividend

(Neutral)

Rhea-AI Summary

The J.M. Smucker Co. (NYSE: SJM) announced a dividend of $1.02 per share on its common shares, with a payment date set for March 1, 2023. Shareholders on record as of February 10, 2023 will receive this dividend, reflecting the company's commitment to returning value to its investors. Smucker's diverse brand portfolio continues to resonate with consumers across generations, contributing to its strong market presence in over 80% of U.S. homes.

Positive

Dividend of $1.02 per share approved, indicating financial health and commitment to shareholders.

Negative

None.

News Market Reaction – SJM

-0.83%

-0.83% Session move

In the trading session that priced this news, SJM declined 0.83%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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01/20/2023 - 04:30 PM

ORRVILLE, Ohio, Jan. 20, 2023 /PRNewswire/ -- The J.M. Smucker Co. (NYSE: SJM) today announced its Board of Directors approved a $1.02 per share dividend on the common shares of the Company. The dividend will be paid on Wednesday, March 1, 2023, to shareholders of record at the close of business on Friday, February 10, 2023.

About The J.M. Smucker Co.

Each generation of consumers leaves their mark on culture by establishing new expectations for food and the companies that make it. At The J.M. Smucker Co., it is our privilege to be at the heart of this dynamic with a diverse portfolio that appeals to each generation of people and pets and is found in more than 80 percent of U.S. homes and countless restaurants. This includes a mix of iconic brands consumers have always loved such as Folgers®, Jif® and Milk-Bone® and new favorites like Café Bustelo®, Smucker's® Uncrustables® and Rachael Ray® Nutrish®. By continuing to immerse ourselves in consumer preferences and acting responsibly, we will continue growing our business and the positive impact we have on society. For more information, please visit jmsmucker.com.

The J.M. Smucker Co. is the owner of all trademarks referenced herein except for Rachael Ray®, a registered trademark of Ray Marks II LLC, which is used under license.

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SOURCE The J.M. Smucker Co.

FAQ

What is the dividend amount declared by J.M. Smucker in January 2023?

The dividend amount declared is $1.02 per share.

When will J.M. Smucker pay its dividend to shareholders?

The dividend will be paid on March 1, 2023.

What is the record date for J.M. Smucker's dividend payment?

The record date for the dividend payment is February 10, 2023.

Is the dividend from J.M. Smucker sustainable?

The press release does not provide specific details on the sustainability of the dividend.