The J. M. Smucker Company’s (SJM) Dividend Consistency Reinforces its Standing Among Food Dividend Stocks

Core Insights - The J. M. Smucker Company (SJM) is recognized as one of the 14 best food dividend stocks to buy according to analysts [1] - The company has a strong presence in North America's packaged food sector, with well-known brands such as Folgers coffee and Jif peanut butter [2] Dividend Performance - SJM has a commendable dividend history, having increased its dividends consistently for the last 24 years [3] - The current quarterly dividend is $1.10 per share, resulting in a dividend yield of 4.06% as of October 5 [3] Business Strategy - The company's strategy focuses on maintaining the strength of its major brands while exploring opportunities for new products [4] - Recent actions include acquiring the Hostess snack business and divesting non-core assets [4] - SJM's success hinges on cost control, strategic deals, and price flexibility in response to changing costs [4] Market Challenges - The company faces typical industry challenges such as evolving food trends, price-sensitive consumers, and fluctuations in raw material prices [4]