LONDON, UK / ACCESSWIRE / August 8, 2017 / Pro-Trader Daily takes a closer look at The J.M. Smucker Co. (NYSE: SJM) as the Company's stock will begin trading ex-dividend on August 09, 2017. In order to capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on August 08, 2017. Are you looking for research on dividend stocks, if so register with us now for your free membership at:

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Dividend Declared

On July 19, 2017, J.M. Smucker announced that its Board of Directors has approved a 4% increase in the quarterly dividend from $0.75 to $0.78 per common share. The dividend will be paid on September 01, 2017, to shareholders of record at the close of business on August 11, 2017.

J.M. Smucker's indicated dividend represents a yield of 2.57%, which is substantially higher compared with the average dividend yield of 1.83% for the Consumer Goods sector. This represents the Company's sixteenth consecutive year of dividend growth.

Dividend Insights

J.M. Smucker has a dividend payout ratio of 39.2%, which means that the Company distributes approximately $0.39 for every $1.00 earned. The dividend payout ratio reflects how much money a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.

According to analysts' estimates, J.M. Smucker is forecasted to report earnings of $8.41 which is more than two and a half times the Company's annualized dividend of $3.12.

For its fourth quarter and fiscal 2017 earnings results announced on April 30, 2017, J.M. Smucker's cash provided by operating activities was $264.2 million. The Company's free cash flow was $208.4 million in the reported quarter and $866.6 million in fiscal 2017. As of April 30, 2017, J.M. Smucker had cash and cash equivalents worth $166.8 million, while its current assets totaled $1.64 billion. The strong financial position indicates the Company's ability to absorb any fluctuations in earnings and cash flow and to sustain its dividend distribution for a long period.

J.M. Smucker's Recent Corporate Developments

On August 04th, 2017, J.M. Smucker announced the election of Joseph Stanziano to corporate officer and the promotions of corporate officers, Kevin G. Jackson and David J. Lemmon. The Company's Board of Directors approved the following changes, effective August 05, 2017:

Joseph Stanziano has been elected to corporate officer and will assume the role of Senior Vice President and General Manager, Consumer Foods. He will also join the Company Executive Leadership Team. Mr. Stanziano is currently Vice President and General Manager of US Retail Consumer Foods. He has been with the Company for 20 years.

Kevin G. Jackson will assume the role of Senior Vice President of U.S. Retail Sales and Market Development Organization. Mr. Jackson, who was appointed a corporate officer in January 2014, will also join the Company Executive Leadership Team. He has been with the Company for 15 years in leadership positions within the Consumer Foods, Coffee, and Foodservice businesses.

David J. Lemmon will assume the role of President, Canada and International, and US Away From Home. Mr. Lemmon currently heads the Canada and International business and will add the Away From Home division to his responsibilities, with ownership of the entire reportable segment. Mr. Lemmon was appointed a corporate officer in April 2012 and has been with the Company for 23 years.

Stock Performance

On Monday, August 07, 2017, the stock closed the trading session at $122.57, marginally advancing 0.91% from its previous closing price of $121.47. A total volume of 668.57 thousand shares have exchanged hands. J.M. Smucker's stock price advanced 6.22% in the last one month. The stock is trading at a PE ratio of 24.05 and has a dividend yield of 2.55%. The stock currently has a market cap of $13.87 billion.

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