About Jerónimo Martins, SGPS, S.A. (JRONY) — Dividend Analysis 2026
Jerónimo Martins, SGPS, S.A. operates in the food distribution and specialized retail sectors in Portugal, Poland, and Colombia. The company operates through Portugal Retail; Portugal Cash & Carry; Poland Retail; Colombia Retail; and Others, Eliminations and Adjustments segments. It operates 3,250 food stores under the Biedronka name; and a chain of 290 health and beauty stores under the Hebe banner in Poland, as well as 819 food stores under the Ara name in Colombia. The company also operates 460 supermarkets under the Pingo Doce banner; and 38 stores and 4 platforms under the Recheio name in Portugal. In addition, it operates restaurants under the Pingo Doce name; Bem-Estar stores; and petrol stations and clothing under Code brand. Further, the company operates 20 kiosks and coffee shops under the Jeronymo name; and 21 chocolates and confectionary retail stores under Hussel name. Additionally, the company engages in human resources top management, real estate management and administration, training, and saline brackish waters aquaculture; wholesale of fruit and vegetables; retail management, consultancy, and logistics activities; the purchase and sale of real estate; growing of crops and farming of animals; retail sale of health and beauty products; manufacture of milk and dairy products; and provision of economic and accounting, business portfolio management, financial, and sea passenger water transport services. It is also involved in the trading and distribution of consumer goods; retail and wholesale of non-food products; other business support service activities; and provision of services in the area of wholesale and retail distribution. The company was founded in 1792 and is headquartered in Lisbon, Portugal. Jerónimo Martins, SGPS, S.A. is a subsidiary of Sociedade Francisco Manuel dos Santos, SGPS, S.E.
Is JRONY a good dividend investment in 2026?
JRONY offers a 2.85% forward yield with a 50% payout ratio. Strand Safety Score: 75/100 (Safe). The 5-year dividend CAGR of 62.8% demonstrates strong, consistent growth that outpaces inflation.
JRONY DRIP calculator — what's the difference?
With DRIP on a $10,000 investment over 10 years, your JRONY portfolio grows to $11.41M vs $10.34M without reinvestment. This is the compound interest effect in action.
JRONY dividend growth history & forecast
JRONY has grown its dividend by 0% over the last year and 62.8% annually over 5 years. At this pace, an investor who holds for 10+ years will see their yield on cost grow substantially above the current 2.85%.
Debt/EBITDA 0.0× — low leverage, balance sheet is strong
Earnings Momentum+0.6B → +0.6B → +0.8B
15 / 30 pts
15/30
Net income grew in the latest year — positive but trend is unconfirmed
OVERALL ASSESSMENT
Dividend appears safe — fundamentals solid with moderate concerns.
STRAND SCORE
75
/100
Strand Safety Score™ is proprietary to DividendFlow. Inputs: FCF, Debt/EBITDA, Net Income from SEC filings via FMP. Not financial advice. N/A for ETFs, pre-revenue companies, and tickers without income statements.
🌍 JRONY Yield by Country & Account Type
Real after-tax yield depends on where you live and how you hold JRONY.
Gross yield
2.85%
Tax rate
15.00%
After-tax yield
2.42%
Real yield (−CPI)
-0.38%
Account/Country
Tax Rate
After-tax Yield
Real Yield
$10K Annual Income
🇺🇸 Roth IRA / 401k
0%
2.85%
0.05%
$285 / yr
🇺🇸 US Taxable (15%) ✓
15%
2.42%
-0.38%
$242 / yr
🇺🇸 US Taxable (20%)
20%
2.28%
-0.52%
$228 / yr
🇬🇧 UK ISA
0%
2.85%
0.05%
$285 / yr
🇬🇧 UK Taxable
8.75%
2.60%
-0.20%
$260 / yr
🇨🇦 TFSA
0%
2.85%
0.05%
$285 / yr
🇨🇦 CA Taxable
25%
2.14%
-0.66%
$214 / yr
🇦🇺 Super (pension)
15%
2.42%
-0.38%
$242 / yr
🇦🇺 AU Taxable
30%
1.99%
-0.80%
$200 / yr
🇩🇪 DE Taxable
26.375%
2.10%
-0.70%
$210 / yr
🇫🇷 FR Taxable
30%
1.99%
-0.80%
$200 / yr
Real yield = after-tax yield minus US CPI of 2.8%. 12-month CPI (US BLS via FMP economic-indicators). Click any row to select. US withholding tax (30%, reducible by treaty) applies to non-US residents holding US stocks in taxable accounts.
🎯 JRONY Income Goal & Break-Even
Dividend Break-Even
7yr
Years for dividends to fully repay your JRONY investment of $46.37/share (🇺🇸 US Taxable (15%) · 15.00% tax)
$10K invested · 10 Years
Dividends earned (DRIP)
$88.2K
Lost to inflation (2.8% CPI)
−$2.5K
Real purchasing power gain
$85.8K
12-month CPI (US BLS via FMP economic-indicators).
How much do I need to invest in JRONY for:
Shares needed
21,397
Capital required
$992,179
Monthly income
$2,000
Based on current dividend of $1.32/share/yr · 🇺🇸 US Taxable (15%) · static projection (no growth assumed).
📅 JRONY Dividend Payment Schedule
JRONY pays quarterly — 4 times per year. Next ex-div: TBD.
Jan
Feb
Mar
💰
Apr
May
Jun
💰
Jul
Aug
Sep
💰
Oct
Nov
Dec
💰
10 shares
$2.80 / payment
$11.22 / year after tax
100 shares
$28.04 / payment
$112.17 / year after tax
1,000 shares
$280.42 / payment
$1121.69 / year after tax
📊 JRONY vs Consumer Defensive Benchmarks
How JRONY compares to typical Consumer Defensive averages.
Benchmark: Consumer Defensive
Dividend Yield▼-0.25% vs sectorBelow avg
JRONY
2.85%
avg
3.10%
5Y Dividend CAGR▲+57.40% vs sectorBetter
JRONY
62.80%
avg
5.40%
Payout Ratio▲-12.00% vs sectorBetter
JRONY
50.00%
avg
62.00%
Benchmarks: S&P 500 sector averages (2024–2026). Sources: Morningstar, Bloomberg, NAREIT. 5Y CAGR for JRONY sourced from FMP /financial-growth endpoint — real data, not estimates.
🏛️ JRONY Insider Activity
No recent SEC filings reported in the last 90 days.
📅
Next Earnings Report: 2026-05-06(in 35 days)EPS estimate: $0.54
🔬
Financial Health Scores
Altman Z-Score
3.18
✅ Safe Zone — low bankruptcy risk
Safe: >3.0 · Grey: 1.81–3.0 · Distress: <1.81
Piotroski F-Score
5/9
⚠️ Moderate fundamentals
Strong: 7–9 · Moderate: 4–6 · Weak: 0–3
Altman Z-Score predicts bankruptcy risk. Piotroski F-Score measures financial strength across 9 criteria. High scores → lower dividend cut risk. Data via FMP financial statements.
📊 About This Data
Dividend yields, payout ratios, and financial metrics are sourced from Financial Modeling Prep (FMP) and cross-referenced with SEC EDGAR filings. Data is cached and updated every 24 hours via our nightly refresh. DRIP projections are forward-looking estimates, not guarantees.
Educational purposes only. Not financial advice. DividendFlow is not a registered investment advisor. Projections generated by the JRONY dividend calculator are estimates based on historical data and user inputs. Actual future returns, stock prices, and dividend payments will vary. Dividends can be cut or suspended at any time. All investments carry risk, including the loss of principal. Please consult a qualified financial professional before making any investment decisions. Full disclaimer →