There is a lot to be liked about this company as an income stock, over the past 10 years it has returned an average of 2.00% per year. The company is currently worth US$12.18b, and now yields roughly 2.91%. Let’s dig deeper into whether it should have a place in your portfolio.
J. M. Smucker (NYSE:SJM) has a trailing twelve-month payout ratio of 26.47%, which means that the dividend is covered by earnings. In the near future, analysts are predicting a higher payout ratio of 38.66%, leading to a dividend yield of around 3.18%. However, EPS is forecasted to fall to $7.29 in the upcoming year. Therefore, although payout is expected to increase, the fall in earnings may not equate to higher dividend income. If there is one thing that you want to be reliable in your life, it’s dividend stocks and their constant income stream. SJM has increased its DPS from $1.28 to $3.12 in the past 10 years. During this period it has not missed a payment, as one would expect for a company increasing its dividend. This is an impressive feat, which makes SJM a true dividend rockstar.
Source: Simply Wall St.
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