J. M. Smucker (SJM) Dividend
24 yrs growthThe J. M. Smucker Company · Consumer Defensive · Packaged Foods · quarterly payer
As of Nov 5, 2026, J. M. Smucker (SJM) pays a quarterly dividend of $1.12 per share, or $4.48 a year, a 3.38% yield at its $133.21 share price. The next ex-dividend date is Nov 13, 2026, paid Dec 1, 2026. It has raised its dividend 24 years in a row and has a dividend safety grade of A.
Forward Yield
3.38%
Annual Dividend
$4.48
Payout Ratio
206%
5-Yr Growth
4.1%
Ex-Date
Nov 13, 2026
Frequency
Quarterly
Key facts about SJM's dividend
Data as of · Source: SmarterDividends data
- As of Nov 5, 2026, The J. M. Smucker Company (SJM) has a forward dividend yield of 3.38%, based on an annual dividend of $4.48 per share and a share price of $133.21.
- As of Nov 5, 2026, SJM's dividend safety grade from SmarterDividends is A (88 out of 100), which rates the dividend as very safe.
- By SmarterDividends' count, The J. M. Smucker Company (SJM) has raised its dividend for 24 consecutive years as of Nov 5, 2026.
- SJM has never cut its regular dividend in the payment history SmarterDividends has on record.
- SJM's next ex-dividend date is Nov 13, 2026, with payment on Dec 1, 2026. Shares must be owned before that date to receive the dividend.
- As of Nov 5, 2026, SJM pays out 206% of its trailing 12-month earnings as dividends (its payout ratio).
- SJM's dividend has grown at an average rate of 4.1% a year over the past five years.
- As of Nov 5, 2026, SmarterDividends' blended fair-value estimate for SJM is $81.95 per share, 38% below the $133.21 share price, so SJM screens as overvalued.
- The J. M. Smucker Company (SJM) pays its dividend quarterly, 4 times a year.
- The J. M. Smucker Company (SJM) has raised its regular dividend 26 times and cut it 0 times across the 105 payments on record since 2000. Its most recent change was a 1.8% increase to $1.12 per share, going ex-dividend on Aug 14, 2026.
- J. M. Smucker (SJM) has declared its first higher dividend of the year in July in 5 of the last 5 years; its most recent raise, 1.8%, was declared on Jul 17, 2026.
Cite this page
SmarterDividends, "SJM Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 5, 2026, https://smarterdividends.com/stocks/SJM
Is SJM a good dividend stock?
YesThe J. M. Smucker Company (SJM) pays a quarterly dividend yielding 3.38% ($4.48/yr), with 24 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- 24 consecutive years of dividend growth
- Never cut its dividend on record
- Top-tier dividend safety score
Risks
- Elevated payout ratio (206%)
Key Data
- Dividend Yield
- 3.38%
- Payout Ratio
- 206%
- Annual Dividend
- $4.48
- 5-Yr Avg Growth
- 4.1%
- Ex-Dividend Date
- Nov 13, 2026
- Years of Growth
- 24
- Frequency
- quarterly
- Beta
- 0.25
- Market Cap
- $14.2B
- P/E Ratio
- 62.2
- 5-Yr Total Return
- 3%
- 52-Week Range
- $88.25 – $135.89
- Dividend Safety
- A · 88/100
- Ever Cut?
- No
SJM dividend raises and cuts
The J. M. Smucker Company (SJM) has raised its regular dividend 26 times and cut it 0 times across the 105 payments on record since 2000. Its most recent change was a 1.8% increase to $1.12 per share, going ex-dividend on Aug 14, 2026.
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Aug 14, 2026 | Raise | $1.10 → $1.12 | +1.8% |
| Aug 15, 2025 | Raise | $1.08 → $1.10 | +1.9% |
| Aug 16, 2024 | Raise | $1.06 → $1.08 | +1.9% |
| Aug 17, 2023 | Raise | $1.02 → $1.06 | +3.9% |
| Aug 11, 2022 | Raise | $0.990 → $1.02 | +3.0% |
| Aug 12, 2021 | Raise | $0.900 → $0.990 | +10.0% |
| Aug 13, 2020 | Raise | $0.880 → $0.900 | +2.3% |
| Aug 15, 2019 | Raise | $0.850 → $0.880 | +3.5% |
| Aug 16, 2018 | Raise | $0.780 → $0.850 | +9.0% |
| Aug 9, 2017 | Raise | $0.750 → $0.780 | +4.0% |
| Aug 10, 2016 | Raise | $0.670 → $0.750 | +11.9% |
| Aug 12, 2015 | Raise | $0.640 → $0.670 | +4.7% |
Show all 26 changes since 2002
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Aug 13, 2014 | Raise | $0.580 → $0.640 | +10.3% |
| Aug 14, 2013 | Raise | $0.520 → $0.580 | +11.5% |
| Aug 8, 2012 | Raise | $0.480 → $0.520 | +8.3% |
| Aug 10, 2011 | Raise | $0.440 → $0.480 | +9.1% |
| Feb 9, 2011 | Raise | $0.400 → $0.440 | +10.0% |
| May 12, 2010 | Raise | $0.350 → $0.400 | +14.3% |
| May 13, 2009 | Raise | $0.320 → $0.350 | +9.4% |
| May 14, 2008 | Raise | $0.300 → $0.320 | +6.7% |
| May 11, 2007 | Raise | $0.280 → $0.300 | +7.1% |
| May 11, 2006 | Raise | $0.270 → $0.280 | +3.7% |
| May 12, 2005 | Raise | $0.250 → $0.270 | +8.0% |
| May 14, 2004 | Raise | $0.230 → $0.250 | +8.7% |
| May 15, 2003 | Raise | $0.200 → $0.230 | +15.0% |
| Aug 16, 2002 | Raise | $0.160 → $0.200 | +25.0% |
Frequently Asked Questions
Is SJM a good dividend stock?
Yes. The J. M. Smucker Company (SJM) pays a quarterly dividend yielding 3.38% ($4.48/yr), with 24 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Is SJM undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, SJM's fair value is about $81.95 versus a $133.21 share price — so it looks overvalued (-38% vs. fair value).
Is SJM's dividend safe?
SJM has a dividend-safety grade of A (88/100), based on its payout coverage, free-cash-flow, 24-year growth streak, a clean no-cut history, debt and yield-versus-history.
What is SJM's fair value?
Our blended fair-value estimate for SJM is about $81.95 per share, about 38% below the current $133.21 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is SJM a buy, hold, or sell?
We don't issue formal ratings, but on the data SJM screens as "yes" and overvalued. The J. M. Smucker Company (SJM) pays a quarterly dividend yielding 3.38% ($4.48/yr), with 24 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.
Will SJM cut its dividend?
SJM earns a dividend-safety grade of A (88/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does SJM pay a dividend?
Yes. The J. M. Smucker Company pays a quarterly dividend of about $4.48 per share annually, a forward yield of roughly 3.38%.
How much dividend does 100 shares of SJM pay?
At $4.48 per share a year, 100 shares of SJM pay $448.00 a year in dividends before tax, about $112.00 each quarter. Buying them costs about $13,321 at the Nov 5, 2026 price.
What is SJM's dividend yield?
As of Nov 5, 2026, SJM's forward dividend yield is 3.38%, based on a $4.48 annual dividend and a $133.21 share price.
What is SJM's dividend per share?
As of Nov 5, 2026, SJM pays $4.48 per share per year, distributed on a quarterly basis.
What is SJM's dividend payout ratio?
As of Nov 5, 2026, SJM's payout ratio is 206% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.
How many years has SJM grown its dividend?
As of Nov 5, 2026, SJM has increased its dividend for 24 consecutive years.
When is the next SJM ex-dividend date?
As of Nov 5, 2026, the next ex-dividend date on record for SJM is Nov 13, 2026.
SJM Price — Last 12 Months
Daily close
Price Return
1 Year
+25%
3 Years
+18%
5 Years
+3%
52-Week Range
$88.25 – $135.89
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is SJM worth?
Overvaluedmedium confidenceOur blended fair-value estimate for The J. M. Smucker Company is $81.95 per share, versus a market price of $133.21. That implies 38% of downside.
Fair Value
$81.95
Current Price
$133.21
Downside
-38%
Margin of Safety
-63%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
At today's price, the market is pricing in about 6.7% annual free-cash-flow growth. We model 1.9% — so the price already assumes faster growth than we think is likely.
Assumptions: 8.0% discount rate (CAPM), 1.9% growth for five years fading to 2.5% over the next five, $2.14 EPS, $4.48 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
SJM Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full SJM dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 14, 2026 | Sep 1, 2026 | $1.1200 | regular |
| May 15, 2026 | Jun 1, 2026 | $1.1000 | regular |
| Feb 13, 2026 | Mar 2, 2026 | $1.1000 | regular |
| Nov 14, 2025 | Dec 1, 2025 | $1.1000 | regular |
| Aug 15, 2025 | Sep 2, 2025 | $1.1000 | regular |
| May 16, 2025 | Jun 2, 2025 | $1.0800 | regular |
| Feb 14, 2025 | Mar 3, 2025 | $1.0800 | regular |
| Nov 15, 2024 | Dec 2, 2024 | $1.0800 | regular |
| Aug 16, 2024 | Sep 3, 2024 | $1.0800 | regular |
| May 16, 2024 | Jun 3, 2024 | $1.0600 | regular |
| Feb 15, 2024 | Mar 1, 2024 | $1.0600 | regular |
| Nov 16, 2023 | Dec 1, 2023 | $1.0600 | regular |
| Aug 17, 2023 | Sep 1, 2023 | $1.0600 | regular |
| May 11, 2023 | Jun 1, 2023 | $1.0200 | regular |
Income Calculator
At $4.48 / yr per share
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