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

The J. M. Smucker Company (NYSE:SJM) announced a quarterly dividend on Friday, July 17th. Investors 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 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 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% meaning 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 Trading Up 0.5%

J. M. Smucker stock traded up $0.59 during mid-day trading on Wednesday, hitting $117.93. 33,388 shares of the company’s stock were exchanged, compared to its average volume of 1,846,000. The company’s 50 day simple moving average is $114.15 and its 200-day simple moving average is $106.43. The company has a quick ratio of 0.33, a current ratio of 0.78 and a debt-to-equity ratio of 1.15. The firm 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. J. M. Smucker has a fifty-two week low of $88.25 and a fifty-two week high of $127.64.

J. M. Smucker (NYSE:SJM) last posted its earnings results on Tuesday, June 9th. The company reported $2.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.64 by $0.13. J. M. Smucker had a positive return on equity of 17.18% and a negative net margin of 1.53%.The firm had revenue of $2.27 billion during the quarter, compared to analysts’ expectations of $2.26 billion. During the same period in the previous year, the firm earned $2.31 earnings per share. The company’s revenue was up 5.8% on a year-over-year basis. J. M. Smucker has set its FY 2027 guidance at 9.750-10.250 EPS. On average, equities analysts anticipate that J. M. Smucker will post 9.95 earnings per share for the current year.

J. M. Smucker Company Profile

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.