30 Growing Dividend Stocks with Low PE Ratios

6. The J. M. Smucker Company (NYSE:SJM)

Forward P/E Ratio as of April 22: 11.24

The J. M. Smucker Company (NYSE:SJM) is an American food company, based in Ohio. The company manufactures a wide range of food and beverage products. On April 17, the company declared a quarterly dividend of $1.08 per share, which was in line with its previous dividend. Overall, it has raised its payouts for 23 consecutive years. The stock’s dividend yield on April 22 came in at 3.67%.

In fiscal Q3 2025, The J. M. Smucker Company (NYSE:SJM) posted revenue of $2.2 billion, reflecting a 2% year-over-year decline. The company reported a net loss of $6.22 per diluted share, mainly due to noncash impairment charges tied to its Sweet Baked Snacks unit. On an adjusted basis, earnings per share climbed 5% to $2.61. Gross profit increased by $55 million, or 7%, supported by stronger pricing, lower costs, and contributions from the Hostess Brands acquisition. These gains, however, were partially weighed down by softer sales volumes and the effects of recent business divestitures.

The J. M. Smucker Company (NYSE:SJM) also reported a healthy cash position for the quarter, generating close to $240 million in operating cash flow. Free cash flow totaled $151.3 million, and the company returned $114.4 million to shareholders through dividend payments. Due to its solid cash position, SJM is one of the best growing dividend stocks on our list.