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J.M. Smucker Raises Its Dividend; Yield is 3.4%

TheMotleyFool

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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

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