EX-Dividend Schedule: Scotts Miracle-Gro Has a Dividend Yield of 2.46%; Will Trade Ex-Dividend on May 24, 2018

LONDON, UK / ACCESSWIRE / May 23, 2018 / Active-Investors has a free review on The Scotts Miracle-Gro Co. (NYSE: SMG) following the Company’s announcement that it will begin trading ex-dividend on May 24, 2018. To capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on May 23, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on SMG:

www.active-investors.com/registration-sg/?symbol=SMG

If your portfolio includes dividend stocks, you have come to the right place for timely information. All you need to do is sign up for your free membership at:

www.active-investors.com/registration-sg

Dividend Declared

On April 30, 2018, Scotts Miracle-Gro announced that its Board of Directors has approved the payment of a cash dividend of $0.53 per share. The third quarter dividend is payable on June 08, 2018, to shareholders of record as of May 25, 2018.

Scotts Miracle-Gro’s indicated dividend represents a yield of 2.46%, which is considerably higher than the average dividend yield of 2.25% for the Basic Materials sector. The Company has raised dividend for eight years in a row.

Dividend Insights

Scotts Miracle-Gro has a dividend payout ratio of 51.6%, which means that the Company spends approximately $0.52 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 $4.66 per share for the next year, which is more than double compared to the Company’s annualized dividend of $2.12 per share.

As of March 31, 2018, Scotts Miracle-Gro’s cash and cash equivalents totaled $33.0 million compared to $55.4 million as on April 01, 2017. For the three months ended March 31, 2018, the Company’s net cash used in operating activities totaled $482.8 million compared to $489.0 million for the year-ago same period. 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 May 03, 2018, Scotts Miracle-Gro announced that the Company’s former Chief Financial Officer, David C. Evans, has been named to its Board of Directors.

Since 2013, Evans served as Executive Vice President and Chief Financial Officer of Battelle Memorial Institute leaving the Company in January 2018. Battelle is the world’s largest, independent, non-profit, research and development organization with revenue of $5 billion. Evans has more than 12 years of direct experience participating in, presenting at, and interacting with the Board of Directors and Finance and Audit Committees at both Battelle and Scotts Miracle-Gro.

Evans graduated magna cum laude from The Ohio State University with a BSBA in accounting. Evans will serve on the Company’s Audit Committee and Compensation and Organization Committee with a term that expires in 2019.

About Scotts Miracle-Gro Co.

Scotts Miracle-Gro is the world’s largest marketer of branded consumer products for lawn and garden care. 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 other countries by Scotts and owned by Monsanto. The Company’s wholly-owned subsidiary, The Hawthorne Gardening Company, is a leading provider of nutrients, lighting, and other materials used in the hydroponic growing segment.

Stock Performance Snapshot

May 22, 2018 – At Tuesday’s closing bell, Scotts Miracle-Gro’s stock marginally fell 0.38%, ending the trading session at $87.08.

Volume traded for the day: 531.42 thousand shares.

Stock performance in the last month – up 3.62%

After yesterday’s close, Scotts Miracle-Gro’s market cap was at $4.80 billion.

Price to Earnings (P/E) ratio was at 27.98.

The stock has a dividend yield of 2.43%.

The stock is part of the Basic Materials sector, categorized under the Agricultural Chemicals industry.

Active-Investors:

Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third-party research service company (the “Reviewer”) represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you’re a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@active-investors.com
Phone number: 73 29 92 6381
Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active-Investors

ReleaseID: 500582