SJM - How To Earn $500 A Month From Smucker Stock After Acquisition News | Benzinga
The J. M. Smucker Co. (NYSE: SJM) announced plans to acquire Hostess Brands (NASDAQ: TWNK) for $34.25 per share, implying a total enterprise value of $5.6 billion.
Hostess, founded in 1930, has been through two Chapter 11 bankruptcies. The company was bought out of liquidation a decade ago by two investment companies and then returned to the public market in 2016 with the ticker TWNK.
With Smucker announcing the acquisition of Hostess Brands, some investors may be eyeing potential gains from the company’s dividends. As of now, Smucker has a dividend yield of 3.22%, which is a quarterly dividend amount of $1.06 a share ($4.24 a year).
To figure out how to earn $500 monthly from Smucker dividends, we start ...