The J. M. Smucker Company (NYSE:SJM) will release earnings for its fourth quarter before the opening bell on Monday, June 9.
Analysts expect the company to report quarterly earnings of $2.64 per share. That’s up from $2.31 per share in the year-ago period. The consensus estimate for JM Smucker's quarterly revenue is $2.26 billion. It reported $2.14 billion last year, according to Benzinga Pro.
Ahead of quarterly earnings, Morgan Stanley analysts maintain an Equal-Weight rating on JM Smucker and raised the price target from $104 to $106.
With the recent buzz around JM Smucker, some investors may be eyeing potential gains from the company's dividends too. As of now, JM Smucker has an annual dividend yield of 4.25%, which is a quarterly dividend amount of $1.10 per share ($4.40 a year).
So, how can investors exploit its dividend yield to pocket a regular $500 monthly?
