Dividend.com: Smuckers Spreads the Wealth

Smuckers Announces Big One-Time Dividend Payout

J.M Smucker(SJM Quote - Cramer on SJM - Stock Picks) has announced a special dividend payout of $5 per share as a result of its buyout of Folgers coffee.

This will be paid to all shareholders of record as of Sept. 30. The special one-time dividend will be payable on Oct. 31. The transaction, which is expected to be accretive to the company's earnings, is anticipated to close in the fourth quarter of calendar 2008, subject to customary closing conditions, including Smucker shareholder approval.

We like the shares of this company, and believe investors will continue to see out-performance from Smuckers and its share price. The company has a 2.34% dividend yield, based on last night's closing stock price of $51.31.

J.M. Smucker is a "Recommended" dividend stock, holding a Dividend.com Rating of 3.5 out of 5 stars.

Best Buy Reaffirms Guidance, Reports In-Line Earnings

Best Buy (BBY Quote - Cramer on BBY - Stock Picks) just reported a revenue increase of 12% to $9.8 billion, driven by gains from new store openings and a comparable store sales increase of 4.2%.

The revenue increase reflected the net addition of 156 new stores in the past 12 months, a comparable store sales gain of 4.2% and the favorable impact of foreign currency fluctuations. The comparable store sales gain for the quarter was driven by an increase in the average ticket as the company's revenue mix continued to shift to larger-ticket items, such as flat-panel TVs, notebook computers, and mobile phones.

The company is reaffirming EPS guidance of $3.25 to $3.40 for fiscal 2009. We like the shares of Best Buy, and have been recommending the shares here in the $42 area. We are going to watch shares closely in the event we see consumers rapidly slowing down their spending. Best Buy would become a tough stock to hold during a period where discretionary spending is severely reduced. The company has a 1.19% dividend yield, based on last night's closing stock price of $43.70.

Best Buy is a "Recommended" dividend stock, holding a Dividend.com Rating of 3.5 out of 5 stars.

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