The Scotts Miracle-Gro Company Announces Quarterly Dividend Payment

Rhea-AI Summary

The Scotts Miracle-Gro Company (NYSE: SMG) has announced a quarterly dividend increase to $0.66 per share. The fourth quarter dividend will be payable on September 10, 2021, to shareholders of record by August 27, 2021. With approximately $4.1 billion in sales, Scotts Miracle-Gro is a leading marketer in the lawn and garden product industry, known for its brands like Scotts®, Miracle-Gro®, and Ortho®. The company also operates The Hawthorne Gardening Company, focused on indoor and hydroponic growing solutions.

Positive

• Quarterly dividend increased to $0.66 per share.
• Dividends reflect company confidence and positive cash flow.
• Strong sales figures at approximately $4.1 billion.

Negative

• None.

MARYSVILLE, Ohio, July 30, 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 an increase to the Company’s quarterly dividend payment to $0.66 per share. The fourth quarter dividend is payable on Friday, September 10, 2021, to shareholders of record as of Friday, August 27, 2021.

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 new dividend amount for Scotts Miracle-Gro (SMG)?

The new quarterly dividend amount is $0.66 per share.

When is the dividend payment date for SMG?

The dividend payment date is September 10, 2021.

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

The record date for the dividend payment is August 27, 2021.

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

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