+ Watch SJM
on My Watchlist
The Company operates principally in one industry, the manufacturing and marketing of branded food products on a worldwide basis, although the majority of the Company's sales are in the United States.
Virtually every pantry in the US has something made by these guys. This by no means lights the world on fire, but it's a well-managed company with a good record of outperforming the market over long periods of time and that's partly thanks to the 2.1% and rising dividend yield. Looking for a holding for 5+ years? This is one to consider and I said so today on Investor Beat.
Jason,You picked a good day to add this to your Caps list! As I write this the stock is up nearly 3%. Market corrections don't last for long these days! It's best to take advantage of them while you can.
The Smucker family also still controls 3% of the company.
Nice pitch. :) Check out an article I wrote about Smucker's on the Foolish Blogging Network - I think you'll like it. http://beta.fool.com/evanbuck/2013/03/14/with-a-stock-like-smuckers-it-has-to-be-good/26975/
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