The J. M. Smucker Company Declares Dividend and Authorizes Repurchase of
ORRVILLE, Ohio, Jan. 25, 2013
ORRVILLE, Ohio, Jan. 25, 2013 /PRNewswire/ -- The Board of Directors of The J.
M. Smucker Company (NYSE: SJM) declared a $0.52 per share dividend on the
common shares of the Company to be paid on Friday, March 1, 2013, to
shareholders of record at the close of business on Friday, February 15, 2013.
In other actions, the Board increased the Company's share repurchase
authorization by five million common shares. Future share repurchases will
occur at management's discretion, and there is no guarantee as to the exact
number of shares that may be repurchased. The Company has approximately two
million common shares remaining available for repurchase under its January
2012 Board authorization.
About The J. M. Smucker Company
For more than 110 years, The J. M. Smucker Company has been committed to
offering consumers quality products that bring families together to share
memorable meals and moments. Today, Smucker is a leading marketer and
manufacturer of fruit spreads, retail packaged coffee, peanut butter,
shortening and oils, ice cream toppings, sweetened condensed milk, and health
and natural foods beverages in North America. Its family of brands includes
Smucker's^®, Folgers^®, Dunkin' Donuts^®, Jif^®, Crisco^®, Pillsbury^®, Eagle
Brand^®, R.W. Knudsen Family^®, Hungry Jack^®, Cafe Bustelo^®, Cafe Pilon^®,
White Lily^® and Martha White^® in the United States, along with Robin Hood^®,
Five Roses^®, Carnation^® and Bick's^® in Canada. The Company remains rooted
in the Basic Beliefs of Quality, People, Ethics, Growth and Independence
established by its founder and namesake more than a century ago. For more
information about the Company, visit www.smuckers.com.
The J. M. Smucker Company is the owner of all trademarks referenced herein,
except for the following which are used under license: Pillsbury^® is a
trademark of The Pillsbury Company, LLC; Carnation^® is a trademark of
Societe des Produits Nestle S.A.; and Dunkin' Donuts^® is a registered
trademark of DD IP Holder, LLC.
The J. M. Smucker Company Forward-Looking Language
This press release contains forward-looking statements that are subject to
known and unknown risks and uncertainties that could cause actual results to
differ materially from any future results, performance, or achievements
expressed or implied by those forward-looking statements. Readers should
understand that the risks, uncertainties, factors, and assumptions listed and
discussed in this press release, including the following important factors and
assumptions, could affect the future results of the Company and could cause
actual results to differ materially from those expressed in the
othe ability of the Company to obtain any required financing;
othe timing and amount of capital expenditures, share repurchases, and
oother factors affecting share prices and capital markets generally; and
orisks related to other factors described under "Risk Factors" in other
reports and statements filed by the Company with the Securities and
Exchange Commission, including its most recent Annual Report on Form 10-K.
Readers are cautioned not to unduly rely on such forward-looking statements,
which speak only as of the date made, when evaluating the information
presented in this press release. The Company does not undertake any
obligation to update or revise these forward-looking statements to reflect new
events or circumstances.
(Logo: http://photos.prnewswire.com/prnh/20071219/SMUCKERLOGO )
SOURCE The J. M. Smucker Company
Contact: Investors, Sonal Robinson, Vice President, Investor Relations or
Media, Maribeth Badertscher, Vice President, Corporate Communications, both of
The J. M. Smucker Company, +1-330-682-3000
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