: J.M. Smucker raises dividend by 4% to $1.06 a share

The J.M. Smucker Co. SJM said Friday that its board of directors has approved a 4% dividend raise to $1.06 a share. The dividend will be paid on Friday, Sept. 1 to shareholders of record at the close of business on Aug. 18, 2023. In a statement J.M. Smucker said that “the company remains committed to returning value to shareholders, as this represents the 22nd consecutive fiscal year of dividend growth.” Shares of the maker of Jif peanut butter and other food products were flat in the extended session after ending Thursday’s session up 0.3%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.