The J. M. Smucker Company
SJM24 yrs growthConsumer Defensive · Stock · quarterly payer
Forward Yield
3.93%
Annual Dividend
$4.40
Payout Ratio
86%
5-Yr Growth
4.1%
Ex-Date
Aug 14, 2026
Frequency
Quarterly
Summary
As of July 2026, The J. M. Smucker Company (SJM) yields 3.93% ($4.40 per share annually), with a blended fair-value estimate of $147.70 — +32% upside, so it screens as undervalued. Dividend safety grade: A (86/100). 24 years of dividend growth.
Is SJM a good dividend stock?
YesThe J. M. Smucker Company (SJM) pays a quarterly dividend yielding 3.93% ($4.40/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 (86%)
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 3.93%
- Payout Ratio
- 86%
- Annual Dividend
- $4.40
- 5-Yr Avg Growth
- 4.1%
- Ex-Dividend Date
- Aug 14, 2026
- Years of Growth
- 24
- Frequency
- quarterly
- Beta
- 0.25
- Market Cap
- $12.0B
- P/E Ratio
- —
- 5-Yr Total Return
- -9%
- 52-Week Range
- $88.25 – $119.39
- Dividend Safety
- A · 86/100
- Ever Cut?
- No
Frequently Asked Questions
SJM Price — Last 12 Months
Daily close
Price Return
1 Year
+1%
3 Years
-23%
5 Years
-9%
52-Week Range
$88.25 – $119.39
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is SJM worth?
Undervaluedmedium confidenceOur blended fair-value estimate for The J. M. Smucker Company is $147.70 per share, versus a market price of $112.01. That implies 32% of upside — a margin of safety of about 24%.
Fair Value
$147.70
Current Price
$112.01
Upside
+32%
Margin of Safety
24%
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 1.6% annual free-cash-flow growth. We model 7.3% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.0% discount rate (CAPM), 7.3% stage-1 growth, 2.5% terminal growth, -$1.30 EPS, $4.40 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
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| May 15, 2026 | — | $1.1000 | regular |
| Feb 13, 2026 | — | $1.1000 | regular |
| Nov 14, 2025 | — | $1.1000 | regular |
| Aug 15, 2025 | — | $1.1000 | regular |
| May 16, 2025 | — | $1.0800 | regular |
| Feb 14, 2025 | — | $1.0800 | regular |
| Nov 15, 2024 | — | $1.0800 | regular |
| Aug 16, 2024 | — | $1.0800 | regular |
| May 16, 2024 | — | $1.0600 | regular |
| Feb 15, 2024 | — | $1.0600 | regular |
| Nov 16, 2023 | — | $1.0600 | regular |
| Aug 17, 2023 | — | $1.0600 | regular |
| May 11, 2023 | — | $1.0200 | regular |
| Feb 9, 2023 | — | $1.0200 | regular |
Income Calculator
At $4.40 / yr per share
