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MARYSVILLE - The Scotts Miracle-Gro Company (NYSE: SMG), a prominent player in the consumer lawn and garden market, has declared a quarterly cash dividend of $0.66 per share, scheduled for distribution on June 6, 2025, to shareholders on record as of May 23, 2025. The company currently offers a substantial 5.06% dividend yield and has maintained dividend payments for 21 consecutive years, according to InvestingPro data.
This announcement comes as Scotts Miracle-Gro continues to stand out in the global market with its well-known brands, Scotts®, Miracle-Gro®, and Ortho®, which lead their respective categories. The company also operates The Hawthorne Gardening Company, a subsidiary specializing in indoor and hydroponic growing supplies, further cementing its position in the gardening industry.
With annual sales around $3.6 billion, Scotts Miracle-Gro’s influence extends across the traditional lawn and garden care sector as well as the burgeoning indoor and hydroponic growing segment. The company’s strategic focus on both areas allows it to capitalize on the diverse needs of gardeners and growers at various levels of expertise and interest.
The dividend announcement reinforces Scotts Miracle-Gro’s commitment to providing value to its shareholders and reflects the company’s financial health and confidence in its business model. While the company has faced recent challenges, InvestingPro analysis indicates strong free cash flow yield and analysts expect a return to profitability this year. The upcoming dividend payout follows the company’s pattern of sharing profits with its investors, a practice that is common among established firms seeking to maintain investor relations and showcase financial stability.
Investors and analysts often view regular dividend payments as a sign of a company’s strong financial performance and its management’s confidence in future earnings. For Scotts Miracle-Gro, the dividend also demonstrates its ability to generate sufficient cash flow to reward shareholders while possibly continuing to invest in growth opportunities.
This financial move is based on a press release statement from Scotts Miracle-Gro and is intended to inform shareholders and the market of the company’s latest financial decision. The dividend payout is subject to customary conditions and approval by the company’s board of directors.
As Scotts Miracle-Gro prepares to distribute this dividend, shareholders can anticipate the payment in early June, marking another step in the company’s ongoing efforts to enhance shareholder value. With analyst price targets ranging from $55 to $100 per share, investors seeking deeper insights into SMG’s valuation and growth prospects can access comprehensive analysis through InvestingPro’s detailed research reports, which cover over 1,400 US stocks.
In other recent news, Scotts Miracle-Gro Company reported its Q1 2024 earnings, exceeding expectations with a reported loss of $0.89 per share, which was better than the forecasted loss of $1.24 per share. The company’s revenue also surpassed projections, reaching $417 million compared to the anticipated $392.29 million. Analysts have shown optimism about Scotts Miracle-Gro’s future, with Jefferies upgrading the stock rating from Hold to Buy, despite lowering the price target to $69.00. Similarly, Truist Securities also upgraded the stock to Buy, maintaining a price target of $70.00, citing the company’s attractive valuation and resilience in the lawn and garden sector. Stifel analysts echoed this sentiment, reaffirming their Buy rating and $70.00 price target, while noting the company’s ability to navigate market challenges. The analysts from Stifel project a compound annual growth rate of 23% in earnings per share from fiscal year 2024 to 2027. These recent developments reflect a strong market interest in Scotts Miracle-Gro, highlighting its potential for growth and strategic positioning in the current economic climate.
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