The Scotts Miracle-Gro Company (SMG) will raise its quarterly dividend by 2.9 percent to $0.45 per share in 2014. Also a $2.00 per share special dividend will be paid together with the regular quarterly dividend. The company has raised its dividend every year since 2010.
The Scotts Miracle-Gro Company is a manufacturer of consumer products for lawn and garden care. Its products include lawn fertilizers, pest control products and gardening and landscape products. The Company also maintains a minority interest in TruGreen, a residential lawn care service business, and in Bonnie Plants, a marketer of edible gardening plants in retail channels. The Company's wholly-owned subsidiary, the Hawthorne Gardening Company is a provider of nutrients, lighting and other materials used in the hydroponic growing industry.