SJM - Want Rising Passive Income? Buy This Blue Chip Dividend Stock
Building up enough passive income to fund what you want to do offers a viable path toward that elusive goal of financial freedom. Buying stock in companies with iconic brands that pay solid, and growing, dividends is my favorite way to build up that needed passive income.
The consumer staple manufacturer J.M. Smucker (NYSE: SJM) is arguably one such company. Let's dig deeper into this iconic company's fundamentals and valuation to learn why it is a great fit for dividend growth investors.
If you're reading this from the United States, there's a good chance that you have at least one product from J.M. Smucker in your household. In fact, J.M. Smucker estimates that its brands are found in almost 90% of homes across the country.
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Want Rising Passive Income? Buy This Blue Chip Dividend Stock