The Scotts Miracle-Gro Company Announces Quarterly Dividend Payment

Rhea-AI Summary

The Scotts Miracle-Gro Company (NYSE: SMG) has approved a cash dividend of $0.66 per share, which will be payable on December 10, 2021, to shareholders on record as of November 29, 2021. With approximately $4.9 billion in sales, Scotts Miracle-Gro is a prominent player in the branded consumer lawn and garden products market. The company's leading brands include Scotts, Miracle-Gro, and Ortho, alongside its subsidiary, The Hawthorne Gardening Company, specializing in indoor and hydroponic growing products.

Positive

• Approval of a $0.66 per share cash dividend enhances shareholder income.
• Strong sales performance with approximately $4.9 billion in revenue indicates company stability.

Negative

• None.

MARYSVILLE, Ohio, Nov. 02, 2021 (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, December 10, 2021, to shareholders of record as of Monday, November 29, 2021.

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. 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 for Scotts Miracle-Gro (SMG)?

The approved cash dividend is $0.66 per share.

When will the dividend be paid by Scotts Miracle-Gro (SMG)?

The dividend will be paid on December 10, 2021.

Who is eligible for the Scotts Miracle-Gro (SMG) dividend?

Shareholders of record as of November 29, 2021 are eligible.

How does the dividend impact shareholders of Scotts Miracle-Gro (SMG)?

The dividend provides additional income to shareholders, reflecting company confidence.