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US – The J. M. Smucker Company declares dividend and authorizes additional shares for future repurchase

ORRVILLE, Ohio – The J. M. Smucker Company announced, on October 17, that the Board of Directors has approved a $0.64 per share dividend on the common shares of the Company. The dividend will be paid on Monday, December 1, 2014, to shareholders of record at the close of business on Friday, November 14, 2014.
In other actions, the Board increased the Company’s share repurchase authorization by five million common shares. Therefore, the Company has a total of approximately ten million common shares available for repurchase under its Board authorizations. Future share repurchases will occur at management’s discretion, and there is no guarantee as to the exact number of shares that will be repurchased.