Dividends4Life: Dividend Stock In Buy Zone After Breakout

Dividend Stock In Buy Zone After Breakout

Posted by D4L | Tuesday, September 04, 2012 | | 0 comments »

Earnings stability is a key factor for dividend stocks. J.M. Smucker (SJM) has three- and five-year EPS Stability ratings of 4 and 6. The scale runs from 0 (calm) to 99 (wild). The quarterly dividend was recently raised from 48 to 52 cents a share. The payout has more than doubled since early 2006, and the current yield is 2.4%. The company makes and markets branded food products, including Jif peanut butter, Hungry Jack, Crisco and Pillsbury product

Smucker recently reported results for fiscal Q1 ended in July. Earnings grew 4%, which topped views by 17%. Sales advanced 15%. Sales and profits are usually highest in the fall and holiday baking periods, which for Smucker is fiscal Q2 ending in October and fiscal Q3 ending in January. Most sales are in the U.S. and Canada. The stock recently broke out of a cup base in four times its usual volume. The buy point was 82.07. Smucker remains in a buy zone up to 86.17.

Source: Investor's Business Daily

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