The J. M. Smucker Company (NYSE:SJM) will release its first-quarter earnings report before the opening bell on Wednesday, Aug. 26.
Analysts expect the company to report quarterly earnings of $2.22 per share, up from $1.90 per share in the year-ago period. The consensus estimate for JM Smucker’s quarterly revenue is $2.13 billion. It reported $2.11 billion last year, according to Benzinga Pro.
Ahead of quarterly earnings, UBS analyst Peter Grom maintained JM Smucker at Buy and raised the price target from $130 to $142 on Aug. 20.
With the recent buzz around JM Smucker, some investors may be eyeing potential gains from the company’s dividends too. As of now, SJM has an annual dividend yield of 3.56%, with a quarterly dividend of $1.12 per share ($4.48 per year).
So, how can investors use its dividend yield to pocket a regular $500 per month?
