Scotts Miracle-Gro (SMG) will raise its quarterly dividend by 6 percent to $0.53 per share. The fourth quarter dividend is payable on Friday, September 8, 2017 to shareholders of record as of Friday, August 25, 2017.
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.