Is J.M. Smucker's Stock a Sweet Buy for Income Investors?
Based on the fact that everybody needs to eat, consumer staples can be a very reliable economic sector for investors seeking ever-rising dividend income. This is especially true when companies feature well-known and regularly used brands in their product portfolios.
J.M. Smucker (NYSE: SJM) is one such consumer staples company whose products are loved by consumers. But should income investors buy the stock and its 2.7% dividend yield? Let's delve into J.M. Smucker's fundamentals and valuation to find out.
J.M. Smucker is a predominantly U.S.-oriented business with all but 5% of its net sales sourced domestically last year. The company's U.S. presence is so significant that its products -- including Smucker's jam and jellies, Pup-Peroni dog treats, Jif peanut butter, and Dunkin' at-home coffee -- are found in around 90% of households.
Source Fool.com
