Scotts Miracle-Gro (NYSE: SMG) declared a quarterly dividend of $0.50 per share, or $2 annualized. This is a 6.4% increase from the prior dividend of $0.47.

The dividend will be payable on September 9, 2016, to stockholders of record on August 26, 2016, with an ex-dividend date of August 24, 2016.

The annual yield on the dividend is 2.7 percent.

For a dividend history and other dividend-related data on Scotts Miracle-Gro (SMG) click here.