The J. M. Smucker Company (SJM) to Distribute Quarterly Dividend of $1.12 on September 1st

The J. M. Smucker Company (NYSE:SJM) announced a quarterly dividend on Friday, July 17th. Stockholders 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 dividend yield of 3.8%. The ex-dividend date of this dividend 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 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 40.5% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Performance

Shares of J. M. Smucker stock traded up $1.03 during trading on Wednesday, hitting $118.37. 81,062 shares of the company’s stock were exchanged, compared to its average volume of 1,846,340. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.33 and a current ratio of 0.78. The business has a 50-day simple moving average of $114.15 and a 200-day simple moving average of $106.43. J. M. Smucker has a 52-week low of $88.25 and a 52-week high of $127.64. The stock has a market capitalization of $12.63 billion, a price-to-earnings ratio of -91.19, a PEG ratio of 1.65 and a beta of 0.25.

J. M. Smucker (NYSE:SJM) last posted its quarterly earnings results on Tuesday, June 9th. The company reported $2.77 EPS for the quarter, beating the consensus estimate of $2.64 by $0.13. The company had revenue of $2.27 billion for the quarter, compared to analyst estimates 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 firm’s revenue was up 5.8% on a year-over-year basis. During the same period in the prior year, the company earned $2.31 earnings per share. J. M. Smucker has set its FY 2027 guidance at 9.750-10.250 EPS. On average, research analysts forecast that J. M. Smucker will post 9.95 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.