10 Best Dividend Stocks According to Jim Cramer

6. The J. M. Smucker Company (NYSE:SJM)

Dividend Yield: 4.44%

The J. M. Smucker Company (NYSE:SJM) is one of the 10 best dividend stocks, picked from Jim Cramer’s recommendations. Jefferies reiterated a Buy rating for the stocks, maintaining the earlier adjusted price target of $115.

Ohio-based company, The J. M. Smucker Company (NYSE:SJM) is among the largest food and beverage manufacturers, primarily operating in North America. The company’s product portfolio includes coffee, pet food, peanut butter, fruit spreads, baking mixes, and frozen handheld items, among others. Operating through various brands like Folgers, Dunkin’, Café Bustelo, Jif, and Smucker’s, the company has enhanced its global presence.

On June 11, 2025, Jefferies upgraded The J. M. Smucker Company (NYSE:SJM)’s rating from Hold to Buy. Though the rating went up, the price target was adjusted from $118.00 to $115.00, reaching a 2.54% decrease.

On June 12, 2025, Director Tarang Amin purchased 1,050 shares of The J. M. Smucker Company (NYSE:SJM). Acquired at an average price of $96.09 each, the value of the total shares purchased by Amin stands at $100,894.50. The move was considered bold since, in addition to Jefferies, other investment managers like Stifel and Wells Fargo also lowered their price target on the company.

On June 14, 2025, Jefferies maintained their Buy rating on the stock without any changes to the price target, earlier iterated as $115.

For investors interested in the company’s dividend payments, The J. M. Smucker Company (NYSE:SJM)’s dividend yield stands at 4.44% and is backed by a payout ratio of 86.06% and 28 years of consecutive growth.