5 Best Food Dividend Stocks to Buy Now

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In this article, we will discuss 5 best food dividend stocks to buy now. If you want to read our detailed analysis of the food industry and its outlook, go directly to read 12 Best Food Dividend Stocks to Buy Now

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

Dividend Yield as of November 2: 2.73%

The J. M. Smucker Company (NYSE:SJM) is an Ohio-based manufacturer of food and beverage products that specializes in consumer foods, pet foods, and coffee. The company is one of the best dividend stocks on our list as it has raised its dividends consistently for the past 21 years. It currently pays a quarterly dividend of $1.02 per share and has a dividend yield of 2.73%, as of November 2.

In fiscal Q1 2023, The J. M. Smucker Company (NYSE:SJM) reported revenue of $1.8 billion, which showed a 0.5% growth from the same period last year. The company generated $39 million in operating cash flow. It ended the quarter with $151.6 million in cash and cash equivalents.

At the end of Q2 2022, 35 hedge funds tracked by Insider Monkey owned stakes in The J. M. Smucker Company (NYSE:SJM), up from 29 in the previous quarter. These stakes have a collective value of over $711.7 million. Among these hedge funds, Renaissance Technologies was the company’s largest stakeholder in Q2.

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