DividendCoverage:The World’s Largest Marketer of Branded Consumer Products for Lawn and Garden Care has a Dividend Yield of 2.16%; Will Trade Ex-Dividend on November 22, 2017

LONDON, UK / ACCESSWIRE / November 21, 2017 / Pro-Trader Daily takes a closer look atThe Scotts Miracle-Gro Co. (NYSE: SMG) as the Company’s stock will begin trading ex-dividend on November 22, 2017. In order to capture the dividend pay-out, investors are required to purchase the stock one day prior to the ex-dividend date, that is latest by end of trading session on November 21, 2017.Are you looking for research on dividend stocks, if so register with us now for your free membership at:

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Dividend Declared

On November 01, 2017, Scotts Miracle-Gro announced that its Board of Directors has approved the payment of a cash dividend of $0.53 per share. The first quarter dividend is payable on December 8, 2017, to shareholders of record as of November 24, 2017.

Scotts Miracle-Gro’s indicated dividend represents a yield of 2.16%, as compared to the average dividend yield for the Basic Materials sector of 2.16%. The Company has raised dividend for seven consecutive years.

Dividend Insights

Scotts Miracle-Gro has a dividend payout ratio of 49.3%, which denotes that the Company spends approximately $0.49 for dividend distribution out of every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.

According to analysts’ estimates, Scotts Miracle-Gro is forecasted to report earnings of $4.72 for the next year, which is more than double the Company’s annualized dividend of $2.12 per share.

As of September 30, 2017, Scotts Miracle-Gro’s cash and cash equivalents totaled $120.5 million compared to cash worth $28.6 million as on September 30, 2016. The Company’s operating cash flow for FY17 was $354 million compared to $237 million a year earlier. The Company’s strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain the dividend distribution for a long period.

Recent Development for Scotts Miracle-Gro

On November 07, 2017, Scotts Miracle-Gro announced that for Q4 FY17 Company-wide sales increased 8% on a y-o-y basis to $376.7 million. The Company’s sales in the US Consumer segment decreased 7% in the reported quarter to $258.1 million due primarily to lower sales in the mass retail channel.

For Q4 FY17, Scotts Miracle-Gro reported a seasonal loss from continuing operations on a GAAP basis of $42.3 million, or $0.72 per share, compared with a loss of $11.3 million, or $0.18 per share, in Q4 FY16. The Company’s loss on a non-GAAP SLS divestiture adjusted basis was $14.9 million, or $0.26 per share, compared with $11.7 million, or $0.19 per share, in the year-ago same period

About Scotts Miracle-Gro

Scotts Miracle-Gro is the world’s largest marketer of branded consumer products for lawn and garden care. In the US, the Company’s Scotts®, Miracle-Gro® and Ortho® brands are market-leading in their categories, as is the consumer Roundup® brand, which is marketed in the US and certain foreign countries by Scotts and owned by Monsanto. In the US, the Company maintains a minority interest in TruGreen®, the largest residential lawn care service business, and in Bonnie Plants®, the largest marketer of edible gardening plants in retail channels.

Stock Performance

On Monday, November 20, 2017, the stock closed the trading session at $98.05, marginally advancing 0.28% from its previous closing price of $97.78. A total volume of 221.41 thousand shares have exchanged hands. Scotts Miracle-Gro’s stock price surged 2.70% in the last three months, 10.92% in the past six months, and 11.24% in the previous twelve months. Furthermore, since the start of the year, shares of the Company have gained 2.62%. The stock is trading at a PE ratio of 28.36 and has a dividend yield of 2.16%. At Monday’s closing price, the stock’s net capitalization stands at $5.74 billion.

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