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 $0.62 per share, payable on December 10, 2020 to shareholders on record as of November 30, 2020.

With approximately $4.1 billion in annual sales, Scotts Miracle-Gro is a leading marketer of consumer lawn and garden products. Their popular brands include Scotts®, Miracle-Gro®, and Ortho®. The company also owns The Hawthorne Gardening Company, which focuses on indoor and hydroponic gardening solutions.

Positive

• Approval of a $0.62 cash dividend per share is a positive signal for investors.
• Company maintains strong market position with $4.1 billion in sales.

Negative

• None.

MARYSVILLE, Ohio, Nov. 05, 2020 (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 $0.62 per share. The dividend is payable on Thursday, December 10, 2020 to shareholders of record as of Monday, November 30, 2020.

About ScottsMiracle-Gro
With approximately $4.1 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. 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 (SMG)?

The dividend amount announced is $0.62 per share.

When will the dividend be paid to shareholders of SMG?

The dividend will be paid on December 10, 2020.

What is the record date for the dividend payment for SMG?

The record date for the dividend payment is November 30, 2020.

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

Scotts Miracle-Gro generates approximately $4.1 billion in sales.