J.M. Smucker sets dividend, announces shareholder meeting

ORRVILLE, Ohio - The J.M. Smucker Co. (NYSE: SJM), known for its wide range of food and pet brands, declared a dividend of $1.08 per share on Thursday, representing a yield of 3.76%. According to InvestingPro, the company has maintained dividend payments for 55 consecutive years, with 15 straight years of increases. The dividend is scheduled to be paid on June 2, 2025, to shareholders who are on record as of May 16, 2025.

In addition to the dividend announcement, the company stated that its Annual Meeting of Shareholders will be conducted virtually on August 13, 2025. The meeting will take place at 12:00 p.m. Eastern Time, and shareholders registered by June 16, 2025, will have the opportunity to participate and cast their votes online.

The J.M. Smucker Co., with a portfolio that includes Folgers, Dunkin’, Jif, and Milk-Bone, among others, emphasizes its commitment to quality and ethical operations. The company holds licensing rights to the Dunkin’ brand for packaged coffee products sold in retail settings, although this does not extend to Dunkin’ restaurants.

This information is based on a press release statement issued by The J.M. Smucker Co.

In other recent news, J.M. Smucker has been the focus of several analyst evaluations and industry developments. Morgan Stanley initiated coverage of J.M. Smucker with an Overweight rating, setting a price target of $123, citing confidence in the company’s growth prospects and its strong portfolio of leading brands. Meanwhile, DA Davidson maintained a Neutral rating on J.M. Smucker, with price targets of $120 and $122 in two separate reports, noting challenges in the coffee segment and supply chain issues affecting sales. Despite these challenges, DA Davidson acknowledged the company’s history of earnings per share outperformance and stable demand as reflected in scanner data.

Furthermore, J.M. Smucker is part of a group of major U.S. food corporations advocating for tariff exemptions on certain imports. The company, along with others, is seeking relief from tariffs on ingredients like cocoa and tropical fruit, which are not available domestically, to help reduce consumer inflation. This request was made through a letter sent to President Donald J. Trump, highlighting the need to protect U.S. manufacturers.

Additionally, DA Davidson reported a slight acceleration in sales growth for J.M. Smucker in the last four weeks compared to longer periods, although the firm maintained a Neutral rating. The company’s efforts to integrate Hostess Brands and address underperformance were noted, though skepticism about the acquisition remains. Investors are closely monitoring J.M. Smucker’s performance amid these developments and analyst evaluations.

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