J.M. Smucker Co.
Dividend Yield: 2.5%
It doesn’t have to be candy to be sweet. If you’re looking to mix things up a bit, try J.M. Smucker Co. (NYSE:SJM) — a company best-known for its namesake jams and jellies, but that also produces popular Jif peanut butter and Pillsbury-brand flour, as well as other foods.
Despite rising commodity costs — the price of peanut butter has jumped in the past year — the 115-year-old giant is still doing well. SJM beat earnings expectations in its most recent quarter, revenue growth of 14% continued a multi-year streak of improvement — partially helped by recent purchases of Sara Lee’s North American coffee business and Rowland Coffee Roasters. Shares have rebounded after an early-year slide to a 9% year-to-date gain.
While you shouldn’t expect another massive special dividend like the 2008 payout made coming off the buyout of Folgers, J.M. Smucker has been sweetening its regular check to the tune of 50% since 2009. SJM pays out 52 cents quarterly, good for a 2.5% yield, and has been writing checks uninterrupted for 60 years — making it another steady income company that can fill your belly and your wallet.