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MARYSVILLE, Ohio - Scotts Miracle-Gro Company (NYSE:SMG) announced Tuesday that its Board of Directors has approved a quarterly cash dividend of $0.66 per share, payable on September 5, 2025, to shareholders of record as of August 22, 2025. The dividend represents a yield of 3.82%, reflecting the company’s 21-year track record of consistent dividend payments, according to InvestingPro data.
The dividend announcement comes from the company known for its consumer lawn and garden products as well as indoor and hydroponic growing supplies.
Scotts Miracle-Gro, which reports approximately $3.6 billion in sales, markets several well-known brands including Scotts, Miracle-Gro, and Ortho. The company’s subsidiary, The Hawthorne Gardening Company LLC, provides nutrients, lighting, and other materials for the indoor and hydroponic growing segment.
The dividend announcement was made in a company press release statement issued Tuesday.
In other recent news, Scotts Miracle-Gro has reaffirmed its full fiscal year 2025 guidance, highlighting continued growth in consumer point-of-sale units and dollars during the peak lawn and garden season. The company projects a significant reduction in interest expenses, estimating a $30 million decrease compared to the previous year, surpassing initial expectations. Additionally, Scotts expects a smaller increase in its diluted share count, forecasting a rise of 1 million shares instead of the previously estimated 2 million.
Analysts from Truist Securities have raised the price target for Scotts Miracle-Gro stock to $75, maintaining a Buy rating. This adjustment reflects optimism following management’s confirmation of guidance at a recent conference. Meanwhile, Stifel analysts have downgraded the stock from Buy to Hold, citing concerns about updated U.S. consumer revenue guidance and potential channel inventory risks. They have maintained a price target of $71, noting uncertainties for fiscal year 2026. These developments provide investors with a range of perspectives on the company’s future performance.
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