The Ohio-based J.M. Smucker Co, a US market leader in fruit spreads, ice cream toppings, health and natural foods and beverages and peanut butter, has announced an increase in the quarterly dividend from US$0.16 to US$0.20 per common share. Its board of directors said that the dividend is payable on 3 September 2002, to shareholders of record at the close of business on 20 August 2002.