The Scotts Miracle-Gro Company Announces Quarterly Dividend Payment

Rhea-AI Summary

The Scotts Miracle-Gro Company (NYSE: SMG) announced a cash dividend of $0.66 per share, set to be paid on June 10, 2022, to shareholders of record as of May 27, 2022. With approximately $4.9 billion in sales, ScottsMiracle-Gro is a leading marketer of lawn and garden products, with well-known brands like Scotts®, Miracle-Gro®, and Ortho®. The Hawthorne Gardening Company, a subsidiary, specializes in indoor and hydroponic growing supplies, while The Hawthorne Collective invests in cannabis-related ventures.

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• Cash dividend of $0.66 per share bolstering shareholder income.
• Company reported approximately $4.9 billion in sales, indicating strong market presence.

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• None.

MARYSVILLE, Ohio, April 25, 2022 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Company (NYSE: SMG), one of the world’s leading marketers of branded consumer lawn and garden products, announced that its Board of Directors has approved the payment of a cash dividend of $0.66 per share. The dividend is payable on Friday, June 10, 2022, to shareholders of record as of Friday, May 27, 2022.

About ScottsMiracle-Gro
With approximately $4.9 billion in sales, the Company is one of the world’s largest marketers of branded consumer products for lawn and garden care. The Company’s brands are among the most recognized in the industry. The Company’s Scotts ®, Miracle-Gro® and Ortho® brands are market-leading in their categories. The Company’s wholly-owned subsidiary, The Hawthorne Gardening Company, is a leading provider of nutrients, lighting and other materials used in the indoor and hydroponic growing segment. Another wholly-owned subsidiary, The Hawthorne Collective, has been established to invest in emerging areas of the cannabis industry. For additional information, visit us at www.scottsmiraclegro.com.

Contact:
Jim King
Executive Vice President
Investor Relations & Corporate Affairs
(937) 578-5622

FAQ

What is the dividend amount announced by Scotts Miracle-Gro?

The announced dividend amount is $0.66 per share.

When will the dividend be paid to shareholders?

The dividend will be paid on June 10, 2022.

What is the record date for the dividend payment?

The record date for the dividend payment is May 27, 2022.

How much revenue does Scotts Miracle-Gro generate?

Scotts Miracle-Gro generates approximately $4.9 billion in sales.

What brands are owned by Scotts Miracle-Gro?

Scotts Miracle-Gro owns well-known brands such as Scotts®, Miracle-Gro®, and Ortho®.