The 1.8% increase marks the company’s latest payout adjustment, raising the forward yield to 4.0%.
J. M. Smucker raised its quarterly dividend to $1.12 per share, a 1.8% increase from the prior $1.10 payout. The move lifts the forward yield to 4.0% based on current share prices.
The company last adjusted its dividend in the previous quarter, maintaining a pattern of modest annual increases. The new rate reflects ongoing shareholder returns amid stable cash flow.
The dividend is payable September 1 to shareholders of record as of August 14, with the ex-dividend date also set for August 14.