The J.M. Smucker Co. Declares Dividend

(Neutral)

Rhea-AI Summary

The J.M. Smucker Co. (SJM) has declared a $0.90 per share dividend, set to be paid on March 1, 2021. Shareholders must be on record by February 12, 2021 to qualify for this payment. This decision reflects the company's commitment to returning value to shareholders amidst evolving consumer preferences.

Positive

Dividend of $0.90 per share reflects company confidence and commitment to shareholders.

Negative

None.

News Market Reaction – SJM

+4.11%

+4.11% Session move

In the trading session that priced this news, SJM gained 4.11%, reflecting a moderate positive 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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01/22/2021 - 04:30 PM

ORRVILLE, Ohio, Jan. 22, 2021 /PRNewswire/ -- The J.M. Smucker Co. (NYSE: SJM) today announced its Board of Directors approved a $0.90 per share dividend on the common shares of the Company. The dividend will be paid on Monday, March 1, 2021, to shareholders of record at the close of business on Friday, February 12, 2021.

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 portfolio that appeals to each generation of people and pets with products found in 90 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 and pet parent preferences for food, how it's purchased and how the companies that make it should operate, we will maintain the important role we play in their lives. This will allow us to continue growing our business and the positive impact we have on all of those who count on us.

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 SJM?

The J.M. Smucker Co. declared a dividend of $0.90 per share.

When will the dividend be paid to shareholders of SJM?

The dividend will be paid on March 1, 2021.

When is the record date for SJM's dividend?

The record date for the dividend is February 12, 2021.

How often does SJM pay dividends?

The J.M. Smucker Co. typically pays dividends quarterly.

Is the dividend from SJM sustainable?

The sustainability of the dividend depends on the company's ongoing financial performance.