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J. M. Smucker hikes dividend by 9%

J. M. Smucker Co. SJM, +1.21% mentioned past due Friday it used to be mountain climbing its dividend via 9%. The corporate mentioned its board licensed a quarterly dividend build up to 85 cents a percentage from 78 cents a percentage, to be paid Sept. 4 to shareholders of document as of Aug. 17. Shares of Smuckers rose 0.4% after hours, following a 1.2% rise to near at $111.06 in the common session.