J.M. Smucker Boosts Dividend By 4% From $1.02 To $1.06 Per Share
Portfolio Pulse from Benzinga Newsdesk
J.M. Smucker has announced a 4% increase in its dividend from $1.02 to $1.06 per share. The next dividend will be paid on September 1, 2023, to shareholders of record at the close of business on August 18, 2023.
July 14, 2023 | 10:46 am
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J.M. Smucker's dividend increase may attract income-focused investors, potentially leading to a short-term increase in the stock price.
Dividend increases are often seen as a sign of a company's financial health and can attract income-focused investors. This could lead to increased demand for the stock, potentially driving up the price in the short term.
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