The Scotts Miracle-Gro Company (NYSE:SMG) Shareholders to Receive $0.66 Quarterly Dividend

The Scotts Miracle-Gro Company (NYSE:SMG) declared a quarterly dividend on Tuesday, November 3rd. Investors of record on Friday, November 20th will be paid a dividend of $0.66 per share by the basic materials company on Friday, December 4th. This represents a $2.64 annualized dividend and a yield of 3.9%. The ex-dividend date is Friday, November 20th.

Scotts Miracle-Gro has decreased its dividend by an average of 0.2% annually over the last three years. Scotts Miracle-Gro has a dividend payout ratio of 62.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Scotts Miracle-Gro to earn $4.67 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 56.5%.

Scotts Miracle-Gro Price Performance

Shares of NYSE:SMG opened at $67.50 on Wednesday. The business’s 50-day moving average is $55.41 and its 200 day moving average is $61.91. Scotts Miracle-Gro has a 1 year low of $47.90 and a 1 year high of $75.34. The firm has a market capitalization of $3.93 billion, a P/E ratio of 58.08 and a beta of 1.87.

Scotts Miracle-Gro (NYSE:SMG) last issued its quarterly earnings results on Wednesday, November 4th. The basic materials company reported ($2.16) earnings per share for the quarter, topping analysts’ consensus estimates of ($2.21) by $0.05. Scotts Miracle-Gro had a negative return on equity of 81.90% and a net margin of 2.19%. The business had revenue of $302.90 million for the quarter, compared to analyst estimates of $306.11 million. During the same quarter in the previous year, the firm earned ($2.63) earnings per share. The company’s revenue was down 10.9% on a year-over-year basis. On average, analysts expect that Scotts Miracle-Gro will post 4.39 EPS for the current year.

About Scotts Miracle-Gro

Scotts Miracle-Gro Company is a provider of consumer lawn and garden products headquartered in Marysville, Ohio. The company develops and markets products designed to help consumers grow and maintain lawns, gardens, landscapes and indoor plants.

Its portfolio includes lawn fertilizers, grass seed, plant food, gardening products, pest-control solutions, soils and related growing supplies. Key consumer brands include Scotts, Miracle-Gro, Ortho and Tomcat. The company also has a history of serving the controlled-environment agriculture and hydroponics markets through specialized growing products and supplies.

Scotts Miracle-Gro was founded in 1868 and has built a broad distribution network serving retail customers, garden centers and other outlets.