25 High Dividend Stocks Being Targeted By Short Sellers

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

Short % of Float as of April 15: 5.76%

Dividend Yield as of April 28: 3.80%

The J. M. Smucker Company (NYSE:SJM) is an Ohio-based food company that manufactures a wide range of food and beverage products. In the latest quarter, the company highlighted that rising commodity prices, particularly for green coffee, made its procurement strategies crucial for protecting margins. It was also noted that one-time events, such as trademark impairment charges and supply chain disruptions, weighed on operating performance and contributed to the mixed results.

In fiscal Q3 2025, The J. M. Smucker Company (NYSE:SJM) reported revenue of $2.2 billion, marking a 2% decline compared to the previous year. The company posted a net loss of $6.22 per diluted share, largely attributed to noncash impairment charges related to its Sweet Baked Snacks segment. On an adjusted basis, however, earnings per share rose by 5% to $2.61. Gross profit improved by $55 million, or 7%, driven by stronger pricing, lower costs, and contributions from the Hostess Brands acquisition. Weaker sales volumes and the impact of recent divestitures partly offset these benefits.

The J. M. Smucker Company (NYSE:SJM)’s free cash flow for the quarter dropped sharply to $151.3 million, reflecting a 39.3% decline from the same period last year, largely due to shifts in the timing of tax payments and higher working capital requirements. Operating cash flow also saw a notable decrease, underscoring the importance of careful cash management from now on. However, its dividend history is encouraging for income investors as SJM maintains a 23-year track record of dividend growth. The company’s quarterly dividend comes in at $1.08 per share and has a dividend yield of 3.80%, as of April 28.