Thoughts on Smucker’s Tough Year and Dividend Appeal
Consumer staples companies like J.M. Smucker (SJM) are often owned for their recession-resistant qualities and safe dividends. Food and beverage makers tend to be low volatility stocks that serve as defensive holdings in conservative dividend growth portfolios. But Smucker has had a challenging year, down 24% in 2018 and off 40% from its mid-2016 high. [...]