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

Key Points

• J. M. Smucker declared a quarterly dividend of $1.12 per share, payable December 1 to shareholders of record as of November 13. The annualized dividend is $4.48 per share, representing a 3.4% yield.
• The dividend appears well covered, with a current payout ratio of 40.5% and an expected future payout ratio of about 41.1% based on projected earnings.
• Smucker’s latest quarterly results exceeded expectations: adjusted earnings were $3.24 per share versus the $2.22 consensus estimate, while revenue rose 5% year over year to $2.22 billion.

The J. M. Smucker Company (NYSE:SJM - Get Free Report) announced a quarterly dividend on Thursday, October 22nd. Stockholders of record on Friday, November 13th will be given a dividend of $1.12 per share on Tuesday, December 1st. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Friday, November 13th.

J. M. Smucker has a dividend payout ratio of 40.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect J. M. Smucker to earn $10.91 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 41.1%.

J. M. Smucker Price Performance

Shares of SJM opened at $133.33 on Friday. The business's 50-day moving average is $123.47 and its 200-day moving average is $112.97. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.87 and a quick ratio of 0.35. The company has a market capitalization of $14.24 billion, a price-to-earnings ratio of 62.31, a P/E/G ratio of 1.72 and a beta of 0.28. J. M. Smucker has a fifty-two week low of $88.25 and a fifty-two week high of $135.89.

J. M. Smucker (NYSE:SJM - Get Free Report) last posted its quarterly earnings results on Wednesday, August 26th. The company reported $3.24 earnings per share for the quarter, topping analysts' consensus estimates of $2.22 by $1.02. J. M. Smucker had a return on equity of 19.85% and a net margin of 2.51%. The company had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same period last year, the business earned $1.90 EPS. The business's quarterly revenue was up 5.0% on a year-over-year basis. J. M. Smucker has set its FY 2027 guidance at 10.500-11.000 EPS. Equities research analysts expect that J. M. Smucker will post 10.71 EPS for the current fiscal year.

About J. M. Smucker

The J. M. Smucker Company, founded in 1897 by Jerome Monroe Smucker in Orrville, Ohio, is a food and beverage company serving consumers primarily in the United States and Canada. The company sells branded products through grocery retailers, club stores, e-commerce channels, foodservice distributors and other outlets.

Its portfolio includes coffee brands such as Folgers, Dunkin' and Café Bustelo; fruit spreads and toppings sold under the Smucker's name; and peanut butter and related products under the Jif brand.

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