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

The Scotts Miracle-Gro Company (NYSE:SMG) declared a quarterly dividend on Monday, January 26th. Stockholders of record on Friday, February 20th will be given a dividend of 0.66 per share by the basic materials company on Friday, March 6th. This represents a c) annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend is Friday, February 20th.

Scotts Miracle-Gro has decreased its dividend payment 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. Equities research analysts expect Scotts Miracle-Gro to earn $4.04 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 65.3%.

Scotts Miracle-Gro Price Performance

Shares of Scotts Miracle-Gro stock traded down $0.93 on Tuesday, hitting $61.93. 138,926 shares of the company’s stock traded hands, compared to its average volume of 699,223. The company has a fifty day moving average of $58.27 and a two-hundred day moving average of $59.40. Scotts Miracle-Gro has a one year low of $45.61 and a one year high of $79.11. The company has a market capitalization of $3.59 billion, a price-to-earnings ratio of 25.64 and a beta of 1.95.

Scotts Miracle-Gro (NYSE:SMG) last issued its earnings results on Wednesday, November 5th. The basic materials company reported ($1.96) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.88) by ($0.08). The business had revenue of $387.30 million during the quarter, compared to the consensus estimate of $396.75 million. Scotts Miracle-Gro had a negative return on equity of 67.74% and a net margin of 4.26%.The company’s revenue for the quarter was down 6.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($2.31) earnings per share. Scotts Miracle-Gro has set its FY 2025 guidance at 4.150-4.350 EPS. Equities research analysts anticipate that Scotts Miracle-Gro will post 3.42 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Key Capital Management INC bought a new position in shares of Scotts Miracle-Gro during the 4th quarter valued at approximately $29,000. Covestor Ltd lifted its stake in Scotts Miracle-Gro by 201.1% in the third quarter. Covestor Ltd now owns 527 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 352 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new position in Scotts Miracle-Gro during the third quarter valued at $32,000. Hantz Financial Services Inc. increased its position in Scotts Miracle-Gro by 157.3% in the third quarter. Hantz Financial Services Inc. now owns 584 shares of the basic materials company’s stock worth $33,000 after buying an additional 357 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in shares of Scotts Miracle-Gro by 156.7% in the third quarter. Smartleaf Asset Management LLC now owns 634 shares of the basic materials company’s stock valued at $35,000 after buying an additional 387 shares during the period. Institutional investors own 74.07% of the company’s stock.

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.