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, payable on June 9, 2023. Shareholders of record as of May 26, 2023 will be eligible for this dividend. Scotts Miracle-Gro, a leader in branded consumer lawn and garden products, reported approximately $3.9 billion in sales, with notable brands like Scotts®, Miracle-Gro®, and Ortho®. The company also focuses on indoor gardening through its subsidiary, The Hawthorne Gardening Company, providing essential products for hydroponic growing.

Positive

• Approved cash dividend of $0.66 per share enhances shareholder returns.
• Company reported approximately $3.9 billion in sales, indicating strong market presence.

Negative

• None.

MARYSVILLE, Ohio, April 24, 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, June 9, 2023, to shareholders of record as of Friday, May 26, 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 declared by Scotts Miracle-Gro (SMG)?

The dividend amount declared is $0.66 per share.

When is the dividend for Scotts Miracle-Gro (SMG) payable?

The dividend is payable on June 9, 2023.

What is the record date for the dividend payment for Scotts Miracle-Gro (SMG)?

The record date for the dividend payment is May 26, 2023.

How much revenue does Scotts Miracle-Gro (SMG) generate?

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