Scotts Miracle-Gro (SMG) Raises Quarterly Dividend 6.4% to $0.50; 2.7% Yield

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Go back to Scotts Miracle-Gro (SMG) Raises Quarterly Dividend 6.4% to $0.50; 2.7% Yield

ScottsMiracle-Gro Announces Third Quarter Results; Re-Affirms Earnings Outlook and Outlines Progress Against ‘Project Focus’

August 3, 2016 7:00 AM EDT

Consumer purchases up 2% year-to-date as engagement improves in May and JuneGross margin rate improves in Q3; increases 210 basis points year-to-dateFull-year EPS guidance range re-affirmed; Sales guidance adjusted downwardCompany acquires stake of Gavita, signs definitive agreement to acquire BotanicareQuarterly dividend increases 6 percent to $0.50 per shareBoard of Directors approves additional $500 million share repurchase authorization

MARYSVILLE, Ohio, Aug. 03, 2016 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Company (NYSE: SMG), the worlds leading marketer of branded consumer lawn and garden... More