The Scotts Miracle-Gro Company announced a cash dividend of $0.66 per share, payable on March 7, 2025.
Quiver AI Summary
The Scotts Miracle-Gro Company has announced a cash dividend of $0.66 per share, approved by its Board of Directors, which will be paid on March 7, 2025, to shareholders recorded as of February 21, 2025. As the leading marketer of branded consumer lawn and garden products, ScottsMiracle-Gro generates approximately $3.6 billion in sales and is well-known for its popular brands, including Scotts®, Miracle-Gro®, and Ortho®. The company's subsidiary, The Hawthorne Gardening Company, specializes in products for indoor and hydroponic growing. For further details, interested parties can visit the company's website or contact its investor relations and media representatives.
Potential Positives
- The Board of Directors has approved a cash dividend of $0.66 per share, demonstrating financial stability and commitment to returning value to shareholders.
- The dividend payment reflects the company's solid sales performance, with approximately $3.6 billion in sales, indicating strong market presence.
- The company's brands, including Scotts®, Miracle-Gro®, and Ortho®, are market-leading, which enhances brand reputation and customer loyalty.
Potential Negatives
- Issuing a dividend may indicate that the company is prioritizing short-term returns to shareholders over long-term reinvestment in growth opportunities.
FAQ
What is the cash dividend amount announced by Scotts Miracle-Gro?
The Scotts Miracle-Gro Company has announced a cash dividend of $0.66 per share.
When will the dividend be paid to shareholders?
The dividend will be payable on Friday, March 7, 2025.
What is the record date for the dividend payment?
The record date for the dividend payment is Friday, February 21, 2025.
What brands are under Scotts Miracle-Gro?
Scotts Miracle-Gro's brands include Scotts®, Miracle-Gro®, and Ortho® among others.
Where can I find more information about Scotts Miracle-Gro?
Additional information can be found on their website at www.scottsmiraclegro.com.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$SMG Insider Trading Activity
$SMG insiders have traded $SMG stock on the open market 19 times in the past 6 months. Of those trades, 0 have been purchases and 19 have been sales.
Here’s a breakdown of recent trading of $SMG stock by insiders over the last 6 months:
- PARTNERSHIP, L.P. HAGEDORN has made 0 purchases and 9 sales selling 248,644 shares for an estimated $18,169,931.
- ROBERT HAGEDORN has made 0 purchases and 2 sales selling 108,550 shares for an estimated $8,100,353.
- JAMES HAGEDORN (CEO and Chairman) sold 18,368 shares for an estimated $1,390,033
- NATHAN ERIC BAXTER (EVP and COO) has made 0 purchases and 6 sales selling 15,275 shares for an estimated $1,133,518.
- STEPHEN L JOHNSON sold 960 shares for an estimated $74,828
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$SMG Hedge Fund Activity
We have seen 185 institutional investors add shares of $SMG stock to their portfolio, and 233 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- PRICE T ROWE ASSOCIATES INC /MD/ removed 2,648,024 shares (-97.3%) from their portfolio in Q3 2024, for an estimated $229,583,680
- PACER ADVISORS, INC. removed 1,355,592 shares (-42.7%) from their portfolio in Q4 2024, for an estimated $89,929,973
- BALYASNY ASSET MANAGEMENT L.P. added 702,104 shares (+590.9%) to their portfolio in Q3 2024, for an estimated $60,872,416
- DEPRINCE RACE & ZOLLO INC removed 672,556 shares (-100.0%) from their portfolio in Q3 2024, for an estimated $58,310,605
- MILLENNIUM MANAGEMENT LLC removed 620,857 shares (-76.1%) from their portfolio in Q3 2024, for an estimated $53,828,301
- FULLER & THALER ASSET MANAGEMENT, INC. added 527,925 shares (+inf%) to their portfolio in Q3 2024, for an estimated $45,771,097
- SCHONFELD STRATEGIC ADVISORS LLC removed 394,345 shares (-68.4%) from their portfolio in Q3 2024, for an estimated $34,189,711
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
MARYSVILLE, Ohio, Jan. 27, 2025 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Company (NYSE: SMG), the world’s leading marketer of branded consumer lawn and garden as well as 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, March 7, 2025, to shareholders of record as of Friday, February 21, 2025.
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
(937) 578-5621
For media inquiries:
Tom Matthews
Chief Communications Officer
Corporate Affairs
(937) 644-7044