LONDON, UK / ACCESSWIRE / November 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 November 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 November 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 October 20, 2017, J. M. Smucker announced that its Board of Directors has approved a $0.78 per share dividend on the common shares of the Company. The dividend will be paid on December 01, 2017, to shareholders of record at the close of business on November 10, 2017.

J. M. Smucker's indicated dividend represents a yield of 3.05%, which is substantially above the average dividend yield of 1.77% for the Consumer Goods sector. The Company has raised dividend for fifteen consecutive years. On July 19, 2017, J. M. Smucker announced that the Board of Directors has approved an increase in the quarterly dividend from $0.75 to $0.78 per common share, an increase of 4%.

Dividend Insights

J. M. Smucker has a dividend payout ratio of 40.3%, which means that the Company distributes approximately $0.40 for every $1.00 earned. The dividend payout ratio reflects how much amount 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 $8.10 for the next year, which is more than double compared to its annualized dividend of $3.12 per share.

As of July 31, 2017, J. M. Smucker's cash and cash equivalent totaled $183.2 million compared to cash of $166.8 million as on April 30, 2017. The Company's net cash provided by operating activities for the quarter ended July 31, 2017, was $304.3 million compared to $238.9 million in the prior year, and free cash flow was $234.7 million in the reported quarter compared to $188.7 million in the prior year's same quarter. The Company's strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain the dividend distribution for a long period.

Recent Development for J. M. Smucker

On November 01, 2017, J.M. Smucker announced that it has expanded plans to support Team USA athletes as they prepare for the Olympic and Paralympic Winter Games PyeongChang 2018.

J.M. Smucker has been an official sponsor of the US Olympic and Paralympic Teams since 2013 with its Folgers®, Smucker's®, Jif®, and Smucker's® Uncrustables® brands leading the partnership. Those brands are now joined by the Milk-Bone® and Sahale Snacks® brands to drive additional support for Team USA athletes.

The six brands will leverage a mix of marketing and communications elements to convey their support for Team USA including TV and digital advertising, custom packaging, retail promotions, and athlete partnerships.

In addition to financially supporting the US Olympic and Paralympic Teams, J.M. Smucker will continue to provide a variety of products to each of the US Olympic Training Centers and other team facilities, including those in PyeongChang.

Stock Performance

At the close of trading session on Tuesday, November 07, 2017, J. M. Smucker's stock price advanced 1.78% to end the day at $101.77. A total volume of 1.40 million shares were exchanged during the session, which was above the 3-month average volume of 1.21 million shares. The Company's shares are trading at a PE ratio of 21.41 and have a dividend yield of 3.07%. At Tuesday's closing price, the stock's net capitalization stands at $11.66 billion.

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