J.M. Smucker Boosts Dividend By 4%
Portfolio Pulse from Shivani Kumaresan
J.M. Smucker Co (NYSE: SJM) has announced a 4% increase in its quarterly dividend from $1.02 to $1.06 per share, marking the 22nd consecutive year of dividend growth. The company reported a 10% Y/Y sales growth in Q4 FY23, beating analyst expectations. However, it also reported an operating loss of $633.5 million for the same period.
July 14, 2023 | 2:23 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
J.M. Smucker's dividend increase and sales growth could attract investors, but the reported operating loss might offset this positive sentiment. The stock traded lower by 0.47% at the last check.
The dividend increase and sales growth are positive signals for investors, indicating a potentially strong financial performance. However, the reported operating loss is a negative signal, which could explain the slight decrease in the stock price. The net impact on the stock is likely to be neutral in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100