J. M. Smucker (SJM) Increases Quarterly Dividend 10% to $0.44; Yields 2.8%; Authorizes Additional 5M Stock Buyback

The J. M. Smucker Company (NYSE: SJM) has declared a quarterly dividend of $0.44 per common share, $1.76 annualized. The dividend is a 10% increase from the current rate of $0.40. The dividend is payable on Tuesday, March 1, 2011, to shareholders of record at the close of business on Friday, February 11, 2011. The ex-dividend date is February 9, 2011. Yield on the dividend is 2.8%. In other actions, the Board increased the Company's share repurchase authorization by five million common shares.... Read more

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