J.M. Smucker board increases share repurchase

by Eric Schroeder
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ORRVILLE, OHIO — The board of directors of The J.M. Smucker Co. increased the company’s share repurchase authorization by five million common shares. The company currently has about two million common shares remaining for repurchase under its January 2011 board authorization.

Additionally, the company declared a 48c per share dividend on the common shares of the company to be paid March 1 to shareholders of record at the close of business on Feb. 10.

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