Scotts Miracle-Gro (SMG) Declares $5.00 Special Dividend; 3.1% Yield

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Scotts Miracle-Gro (SMG) Raises Quarterly Dividend 6.9% to $0.62; 1.6% Yield

July 29, 2020 8:51 AM EDT

Scotts Miracle-Gro (NYSE: SMG) declared a quarterly dividend of $0.62 per share, or $2.48 annualized. This is a 6.9% increase from the prior dividend of $0.58.

The dividend will be payable on September 10, 2020, to stockholders of record on August 27, 2020, with an ex-dividend date of August 26,... More

Scotts Miracle-Gro (SMG) Tops Q3 EPS by 43c, Revenues Beat; Raises FY20 EPS Outlook Above Consensus

July 29, 2020 7:02 AM EDT

Scotts Miracle-Gro (NYSE: SMG) reported Q3 EPS of $3.80, $0.43 better than the analyst estimate of $3.37. Revenue for the quarter came in at $1.49 billion versus the consensus estimate of $1.31 billion.

Company-wide third quarter sales increase 28% including Hawthorne growth of 72%U.S. Consumer sales increase 21% in Q3; Retailer POS up 23% year-to-dateQ3 GAAP EPS increases 13% to $3.57; Non-GAAP adjusted EPS up 22% to $3.80Guidance for fiscal 2020 company-wide sales growth increased to a range of 26 to 28%Fiscal 2020 non-GAAP adjusted EPS guidance raised to a range of $6.65 to $6.85 Non-GAAP free cash flow guidance increased to approximately $400... More