5 Best February Dividend Stocks To Buy

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

Ex-Dividend Date: March 15

An American food and beverage company, The J. M. Smucker Company (NYSE:SJM) is next on our list of the best dividend stocks. The company offers a quarterly dividend of $1.06 per share and has a dividend yield of 3.22%, as recorded on January 28. It has been rewarding shareholders with growing dividends for the past 22 consecutive years.

As of the end of Q3 2023, 33 hedge funds tracked by Insider Monkey owned stakes in The J. M. Smucker Company (NYSE:SJM), growing from 29 in the previous quarter. These stakes are collectively valued at nearly $460 million.

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