J. M. Smucker posted earnings that surpassed analysts’ expectations.
The food products company’s earnings for the fourth quarter came in at $2.33 per share, topping the consensus estimate of $2.09. Revenue of $2.06 billion also exceeded analyst estimates of $2.04 billion.
Recently, J. M. Smucker announced a quarterly dividend, which was paid on March 1st, of $0.99 to investors of record on Friday, February 11th. The ex-dividend date of this dividend was Thursday, February 10th. This represents a $3.96 dividend on an annualized basis.