The Scotts Miracle-Gro Company Declares Quarterly Dividend of $0.66 (NYSE:SMG)

The Scotts Miracle-Gro Company (NYSE:SMG) announced a quarterly dividend on Tuesday, July 28th. Shareholders of record on Friday, August 21st will be paid a dividend of 0.66 per share by the basic materials company on Friday, September 4th. This represents a c) annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Friday, August 21st.

Scotts Miracle-Gro has decreased its dividend by an average of 0.2%annually over the last three years. Scotts Miracle-Gro has a payout ratio of 62.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect Scotts Miracle-Gro to earn $4.64 per share next year, which means the company should continue to be able to cover its $2.64 annual dividend with an expected future payout ratio of 56.9%.

Scotts Miracle-Gro Price Performance

Shares of NYSE SMG opened at $70.47 on Wednesday. Scotts Miracle-Gro has a 1 year low of $52.00 and a 1 year high of $75.34. The company’s 50-day moving average is $64.28 and its 200 day moving average is $64.15. The stock has a market capitalization of $4.10 billion, a P/E ratio of 39.37 and a beta of 1.81.

Scotts Miracle-Gro (NYSE:SMG) last posted its earnings results on Wednesday, July 29th. The basic materials company reported $2.82 earnings per share for the quarter, topping analysts’ consensus estimates of $2.48 by $0.34. Scotts Miracle-Gro had a negative return on equity of 79.61% and a net margin of 3.27%.The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the prior year, the business earned $2.59 EPS. The business’s revenue for the quarter was up 1.1% on a year-over-year basis. Research analysts anticipate that Scotts Miracle-Gro will post 4.3 earnings per share for the current year.

About Scotts Miracle-Gro

Scotts Miracle-Gro Company is a leading developer, manufacturer and distributor of consumer lawn and garden products. The firm serves both retail and professional customers through an array of branded offerings that include lawn fertilizers, grass seed, pest and disease control solutions, plant foods and specialty products for indoor and outdoor gardening. Its portfolio spans well-known names such as Scotts®, Miracle-Gro®, Ortho® and various hydroponic and specialty garden brands.

Headquartered in Marysville, Ohio, the company traces its roots to O.M.