J.M. Smucker Co. (SJM quote) said Tuesday its board approved an increase to its regular quarterly dividend.
The maker of jams, jellies and Jif peanut butter said the dividend of 35 cents -- up from 32 cents -- is payable June 1 to shareholders of record on May 15.
I am sure it will add to SJM's bottom line.
Disclosure I do not own SJM, though I am looking at it with intrest.