J.M. Smucker Raises Its Dividend; Yield is 3.4%
Any earnings season witnesses a small number of dividend raises, and this current one is no different. On Tuesday, J.M. Smucker (NYSE: SJM) announced its board of directors has declared a quarterly dividend of $0.90 per share. This is a slight (2%) improvement over the $0.88 it previously paid.
The company pointed out that this is the 19th year in a row it has upped its distribution. Assuming that it can both continue to make yearly raises and remain a component of the S&P 500 index, it will become a Dividend Aristocrat in 2026.
Image source: Smuckers (J.M. Smucker).
Source Fool.com
