The J. M. Smucker Company (NYSE:SJM) to Issue Quarterly Dividend of $1.12

The J. M. Smucker Company (NYSE:SJMGet Free Report) announced a quarterly dividend on Friday, July 17th. Shareholders of record on Friday, August 14th will be given a dividend of 1.12 per share on Tuesday, September 1st. This represents a c) dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Friday, August 14th. This is a 1.8% increase from J. M. Smucker’s previous quarterly dividend of $1.10.

J. M. Smucker has raised its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 27 consecutive years. J. M. Smucker has a dividend payout ratio of 40.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect J. M. Smucker to earn $10.64 per share next year, which means the company should continue to be able to cover its $4.48 annual dividend with an expected future payout ratio of 42.1%.

J. M. Smucker Stock Up 0.5%

J. M. Smucker stock traded up $0.59 during midday trading on Wednesday, reaching $117.93. The company’s stock had a trading volume of 33,388 shares, compared to its average volume of 1,846,000. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.78 and a quick ratio of 0.33. The stock has a market capitalization of $12.58 billion, a P/E ratio of -90.60, a PEG ratio of 1.65 and a beta of 0.25. The stock’s 50-day simple moving average is $114.15 and its 200-day simple moving average is $106.43. J. M. Smucker has a 52-week low of $88.25 and a 52-week high of $127.64.

J. M. Smucker (NYSE:SJMGet Free Report) last posted its quarterly earnings data on Tuesday, June 9th. The company reported $2.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.64 by $0.13. The firm had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.26 billion. J. M. Smucker had a negative net margin of 1.53% and a positive return on equity of 17.18%. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.31 earnings per share. J. M. Smucker has set its FY 2027 guidance at 9.750-10.250 EPS. On average, sell-side analysts expect that J. M. Smucker will post 9.95 EPS for the current year.

About J. M. Smucker

(Get Free Report)

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.

Further Reading

Dividend History for J. M. Smucker (NYSE:SJM)

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