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ORRVILLE, Ohio - The J.M. Smucker Co. (NYSE:SJM) announced Wednesday its Board of Directors approved a 2% increase in the quarterly dividend from $1.08 to $1.10 per common share. The company currently offers a 4.14% dividend yield, significantly above its 10-year average of 3%.
The dividend will be paid on September 2, 2025, to shareholders of record as of August 15, 2025, according to a company press release.
This marks the 24th consecutive fiscal year of dividend growth for the food and beverage manufacturer, which produces brands including Folgers, Jif, Uncrustables, and Milk-Bone.
J.M. Smucker maintains a significant presence across multiple food categories in North America, with product lines spanning coffee, peanut butter, fruit spreads, frozen foods, baked goods, and pet food.
The company also holds licensing rights for the Dunkin’ brand for packaged coffee products sold in retail channels, though this does not extend to products sold in Dunkin’ restaurants.
The dividend announcement comes as the company continues its focus on shareholder returns amid its operations across diverse food and beverage segments.
In other recent news, J.M. Smucker reported better-than-expected fourth-quarter earnings, driven by stronger gross margins and reduced selling, general, and administrative expenses, although organic sales growth was weaker. Despite this quarterly performance, the company’s fiscal year 2026 guidance fell short of analysts’ expectations, leading to a reduction in its long-term growth target for the Hostess brand from 4% to 3%. UBS responded by lowering its price target to $115 while maintaining a Buy rating, citing conservative assumptions in the company’s outlook. Similarly, TD Cowen cut its price target to $105, maintaining a Hold rating due to weak fiscal 2026 earnings guidance and ongoing challenges with the Hostess acquisition. RBC Capital, however, initiated coverage with an Outperform rating, highlighting potential growth opportunities in the Uncrustables brand. In another development, J.M. Smucker announced plans to remove artificial colors from its food products by the end of 2027, affecting items like sugar-free fruit spreads and Hostess products. Additionally, the company announced the planned retirement of Chief Marketing Officer Gail Hollander in April 2026, with a search underway for her successor.
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