J.M. Smucker Company's GAAP net income for fiscal year 2022 was $631.7 million, down 27.9% from $876.3 million in the previous year. Revenue declined 0.05% to $7.999 billion from $8.003 billion a year earlier.

The J.M. Smucker Company Board of Directors announced a quarterly dividend of $0.99 per share. The last day to buy securities to receive the dividend is May 11, 2022. The annual dividend yield may reach 2.95%.

J.M. Smucker Company's GAAP net income for 9 months of fiscal year 2022 was $429.6 million, down 41.1% from $729.3 million in the prior year. Revenue declined 1.9% to $5.965 billion from $6.082 billion a year earlier.

J.M. Smucker has completed the sale of its natural and organic cereal beverage business to Nexus Capital Management for $110 million. The deal includes the R.W. Knudsen and TruRoots, the Santa Cruz Organic beverage license agreement, and the plant and distribution centers in California, and Maryland.