The J. M. Smucker Company (NYSE:SJM) Announces $1.10 Quarterly Dividend

The J. M. Smucker Company (NYSE:SJM) announced a quarterly dividend on Thursday, April 16th. Stockholders of record on Friday, May 15th will be paid a dividend of 1.10 per share on Monday, June 1st. This represents a c) dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date is Friday, May 15th.

J. M. Smucker has increased its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 27 years. J. M. Smucker has a payout ratio of 39.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect J. M. Smucker to earn $10.42 per share next year, which means the company should continue to be able to cover its $4.40 annual dividend with an expected future payout ratio of 42.2%.

J. M. Smucker Stock Performance

Shares of NYSE SJM opened at $93.89 on Friday. The firm’s 50-day moving average price is $103.33 and its 200-day moving average price is $103.15. The company has a quick ratio of 0.35, a current ratio of 0.84 and a debt-to-equity ratio of 1.31. The company has a market cap of $10.01 billion, a PE ratio of -7.96, a PEG ratio of 4.06 and a beta of 0.27. J. M. Smucker has a 52-week low of $88.25 and a 52-week high of $119.39.

J. M. Smucker (NYSE:SJM) last announced its quarterly earnings results on Thursday, February 26th. The company reported $2.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.11. The firm had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.32 billion. J. M. Smucker had a negative net margin of 14.07% and a positive return on equity of 15.94%. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the firm posted $2.61 EPS. As a group, analysts anticipate that J. M. Smucker will post 9.88 EPS for the current year.

About J. M. Smucker

The J. M. Smucker Company is a diversified food and beverage manufacturer and marketer known for a portfolio of well-established consumer brands. The company’s main business activities include the production and distribution of fruit spreads, peanut butter, coffee and coffee filters, as well as pet food and pet snacks. Smucker’s core product lines serve both retail and foodservice customers through grocery chains, mass merchandisers, club stores, convenience outlets and e-commerce channels.

Among its leading brands are Smucker’s® fruit spreads, Jif® peanut butter, Folgers® and Dunkin’® coffees, and Café Bustelo® coffee.