LONDON, UK / ACCESSWIRE / May 23, 2018 / Active-Investors has a free review on The Scotts Miracle-Gro Co. (NYSE: SMG) following the Company's announcement that it will begin trading ex-dividend on May 24, 2018. To capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on May 23, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on SMG:

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Dividend Declared

On April 30, 2018, Scotts Miracle-Gro announced that its Board of Directors has approved the payment of a cash dividend of $0.53 per share. The third quarter dividend is payable on June 08, 2018, to shareholders of record as of May 25, 2018.

Scotts Miracle-Gro's indicated dividend represents a yield of 2.46%, which is considerably higher than the average dividend yield of 2.25% for the Basic Materials sector. The Company has raised dividend for eight years in a row.

Dividend Insights

Scotts Miracle-Gro has a dividend payout ratio of 51.6%, which means that the Company spends approximately $0.52 for dividend distribution out of every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.

According to analysts' estimates, Scotts Miracle-Gro is forecasted to report earnings of $4.66 per share for the next year, which is more than double compared to the Company's annualized dividend of $2.12 per share.

As of March 31, 2018, Scotts Miracle-Gro's cash and cash equivalents totaled $33.0 million compared to $55.4 million as on April 01, 2017. For the three months ended March 31, 2018, the Company's net cash used in operating activities totaled $482.8 million compared to $489.0 million for the year-ago same period. The Company's strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain the dividend distribution for a long period.

Recent Development for Scotts Miracle-Gro

On May 03, 2018, Scotts Miracle-Gro announced that the Company's former Chief Financial Officer, David C. Evans, has been named to its Board of Directors.

Since 2013, Evans served as Executive Vice President and Chief Financial Officer of Battelle Memorial Institute leaving the Company in January 2018. Battelle is the world's largest, independent, non-profit, research and development organization with revenue of $5 billion. Evans has more than 12 years of direct experience participating in, presenting at, and interacting with the Board of Directors and Finance and Audit Committees at both Battelle and Scotts Miracle-Gro.

Evans graduated magna cum laude from The Ohio State University with a BSBA in accounting. Evans will serve on the Company's Audit Committee and Compensation and Organization Committee with a term that expires in 2019.

About Scotts Miracle-Gro Co.

Scotts Miracle-Gro is the world's largest marketer of branded consumer products for lawn and garden care. The Company's Scotts®, Miracle-Gro®, and Ortho® brands are market-leading in their categories, as is the consumer Roundup® brand, which is marketed in the US and certain other countries by Scotts and owned by Monsanto. The Company's wholly-owned subsidiary, The Hawthorne Gardening Company, is a leading provider of nutrients, lighting, and other materials used in the hydroponic growing segment.

Stock Performance Snapshot

May 22, 2018 - At Tuesday's closing bell, Scotts Miracle-Gro's stock marginally fell 0.38%, ending the trading session at $87.08.

Volume traded for the day: 531.42 thousand shares.

Stock performance in the last month ? up 3.62%

After yesterday's close, Scotts Miracle-Gro's market cap was at $4.80 billion.

Price to Earnings (P/E) ratio was at 27.98.

The stock has a dividend yield of 2.43%.

The stock is part of the Basic Materials sector, categorized under the Agricultural Chemicals industry.

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