The Scotts Miracle-Gro Company Announces Quarterly Dividend Payment

Rhea-AI Summary

The Scotts Miracle-Gro Company (NYSE: SMG), a leading marketer of consumer lawn and garden products, has announced a quarterly cash dividend of $0.66 per share. The dividend will be paid on September 6, 2024, to shareholders of record as of August 23, 2024. Scotts Miracle-Gro, with approximately $3.6 billion in sales, is renowned for its market-leading brands including Scotts®, Miracle-Gro®, and Ortho®. The company's subsidiary, The Hawthorne Gardening Company, is a key player in the indoor and hydroponic growing segment, providing nutrients, lighting, and other essential materials.

Positive

• Consistent dividend payment of $0.66 per share
• Strong market position with $3.6 billion in sales
• Leadership in both consumer lawn and garden products and indoor/hydroponic growing segments

Negative

• None.

News Market Reaction

+11.90%

1 alert

+11.90% News Effect

On the day this news was published, SMG gained 11.90%, reflecting a significant positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

MARYSVILLE, Ohio, July 30, 2024 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Company (NYSE: SMG), the world’s largest marketer of branded consumer lawn and garden as well as a leader in 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, September 6, 2024, to shareholders of record as of Friday, August 23, 2024.

About ScottsMiracle-Gro
With approximately $3.6 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
aimee.deluca@scotts.com
(937) 578-5621

For media inquiries:
Tom Matthews
Chief Communications Officer
tom.matthews@scotts.com
(937) 644-7044

FAQ

What is the dividend amount announced by Scotts Miracle-Gro (SMG) for Q3 2024?

Scotts Miracle-Gro (SMG) announced a quarterly cash dividend of $0.66 per share.

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

The dividend is payable on Friday, September 6, 2024, to shareholders of record as of Friday, August 23, 2024.

What are the main brands of Scotts Miracle-Gro (SMG)?

Scotts Miracle-Gro's main brands include Scotts®, Miracle-Gro®, and Ortho®, which are market leaders in their respective categories.

What is the annual sales figure for Scotts Miracle-Gro (SMG) as of July 2024?

As of July 2024, Scotts Miracle-Gro (SMG) reported approximately $3.6 billion in annual sales.