Smucker (J.M.) is engaged in the manufacturing and marketing of food and beverage products. Co.'s reportable segments are: U.S. Retail Pet Foods, which includes the domestic sales of Meow Mix, Milk-Bone, Pup-Peroni, and Canine Carry Outs branded products; the U.S. Retail Coffee, which primarily includes the domestic sales of Folgers, Dunkin', and Cafe Bustelo branded coffee; and the U.S. Retail Consumer Foods, which primarily includes the domestic sales of Smucker's and Jif branded products. International and Away From Home includes the sale of products distributed domestically and in foreign countries through retail channels and foodservice distributors and operators. More details about JM Smucker at:
http://www.jmsmucker.com.
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Should JM Smucker shares be counted among the
Top 10 Best Cheap Dividend Stocks label? To start, we see that the recent trading price for SJM stock is $115.20 and the dividend yield is 3.68% (as of 5/14/2024). The most recent quarter's (MRQ) earnings result, annualized, was $9.92/share. Looking at the sum total of quarterly earnings across the trailing twelve month (TTM) period, JM Smucker produced $9.92/share. And taking the median quarterly result across the TTM period, and annualizing it, results in $10.16/share. Comparing the current indicated annual dividend rate of $4.24 against that median result, we calculate a dividend payout ratio of 41.7%. Comparing the company's various earnings metrics against the stock price, we end up with a PE ratio of 11.3 for the TTM Median method, 11.6 for price to earnings using MRQ annualized, and 11.6 for current price/TTM earnings. Based on SJM's history, that recent TTM PE is low relative to the historical average, with the recent PE 28.8% lower than the average (TTM method) of 16.3.