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Tuesday, April 21, 2009

Smucker(SJM) Pumps up quarterly dividend to $0.35 a Share,Yielding 3.59%

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.

The company also set its annual meeting for Aug. 19 in Wooster, Ohio. Just recently aquired Folgers brand coffee from Procter & Gamble Co. (PG Quote).

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.

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