SJM Dividend Calculator

SJM paid $4.42 per share over the last twelve months against a share price of $121.00, which is where the 3.65% comes from. Special and one-off distributions are excluded from that figure — they do not recur, and including them would overstate every projection below.

A yield close to the market median is the least informative figure on this page — it is what most payers look like. What separates SJM from the rest of that group is the schedule it pays on, the record behind the payment and what funds it, covered below.

Staples businesses sell things people buy in every part of a cycle, which is what has historically allowed long uninterrupted payment records in this sector. The trade-off is that the growth funding those raises is usually modest.

SJM pays quarterly, the standard schedule for US-listed payers, so the "per payment" column is one quarter of the annual figure and the "monthly average" column is a smoothed figure rather than a description of when cash arrives — nothing is paid in eight months of the year.

Each payment has an ex-dividend date, and it is the date that governs entitlement: shares bought on or after it do not carry that payment. SJM's full schedule and payment history are on its dividend page.

SJM's payout ratio is negative, which means the dividend is being paid while the company reports a loss. A dividend can be funded from cash reserves or borrowing through a loss-making period, but not from profits that do not exist — and every projection above assumes the current payment continues indefinitely.

These projections hold the dividend flat, which understates SJM if its recent record continues — the payment has increased in each of the last 16 years. Growth is left out rather than estimated because choosing a growth rate, not the arithmetic, is what determines a decade-long projection.