The Scotts Miracle-Gro Company Announces Quarterly Dividend Payment

Rhea-AI Summary

The Scotts Miracle-Gro Company (NYSE: SMG) has announced a cash dividend of $0.66 per share, payable on March 10, 2023. The record date for shareholders is February 24, 2023. With approximately $3.9 billion in annual sales, Scotts Miracle-Gro is a leading marketer of branded lawn and garden products, including industry giants like Scotts®, Miracle-Gro®, and Ortho®. The company also operates The Hawthorne Gardening Company, focusing on indoor and hydroponic gardening products. This dividend payout reflects the company's commitment to returning value to its shareholders.

Positive

• Dividend of $0.66 per share announced, enhancing shareholder income.
• Company's strong sales figures at approximately $3.9 billion highlight market leadership.

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• None.

MARYSVILLE, Ohio, Jan. 23, 2023 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Company (NYSE: SMG), the world’s leading marketer of branded consumer lawn and garden as well as indoor and hydroponic growing 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, March 10, 2023, to shareholders of record as of Friday, February 24, 2023.

About ScottsMiracle-Gro
With approximately $3.9 billion in sales, the Company is the world’s largest marketer 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. For additional information, visit us at www.scottsmiraclegro.com.

For investor inquiries:
Aimee DeLuca
Sr. Vice President
Investor Relations
(937) 578-5621

For media inquiries:
Tom Matthews
Chief Communications Officer
Corporate Affairs
(937) 644-7044

FAQ

What is the dividend amount for SMG in March 2023?

The dividend amount for SMG is $0.66 per share.

When is the dividend for SMG payable?

The dividend for SMG is payable on March 10, 2023.

What is the record date for SMG's dividend?

The record date for SMG's dividend is February 24, 2023.

How much revenue does Scotts Miracle-Gro generate?

Scotts Miracle-Gro generates approximately $3.9 billion in sales.

What brands are under Scotts Miracle-Gro?

Scotts Miracle-Gro includes top brands like Scotts®, Miracle-Gro®, and Ortho®.