Scotts Miracle-Gro Company SMG a marketer of branded consumer lawn and garden as well as indoor and hydroponic growing products, announced that its board of directors has approved the payment of a cash dividend of $0.66 per share. The dividend is payable on December 9, 2022, to shareholders of record as of November 28, 2022.
With approximately $3.9 billion in sales, the company is one of the world’s largest marketers of branded consumer products for lawn and garden care. The company’s brands are among the most recognized in the industry. The company’s wholly-owned subsidiary, The Hawthorne Gardening Company, is a provider of nutrients, lighting and other materials used in the indoor and hydroponic growing segment.
The Scotts Miracle-Gro shares were trading at $50.40 per share during Monday’s pre-market session.
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