MARYSVILLE, Ohio, Aug. 3, 2015 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Company (NYSE:SMG), the world's leading marketer of branded consumer lawn and garden products, announced today that its Board of Directors has approved an increase of the Company's quarterly dividend payment to shareholders.
The quarterly payment will increase 4 percent to $0.47 per share. The fourth quarter dividend is payable on Thursday, September 10, 2015 to shareholders of record as of Thursday, August 27, 2015.
"Our business continues to perform well and the increase in the dividend is an expression of our continued confidence," said Jim Hagedorn, chairman and chief executive officer. "Whether by returning cash to shareholders or driving growth in our core business, we remain focused on driving shareholder value."
With more than $2.8 billion in worldwide sales, The Scotts Miracle-Gro Company is the world's largest marketer of branded consumer products for lawn and garden care. The Company's brands are the most recognized in the industry. In the U.S., 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 North America and most of Europe exclusively by Scotts and owned by Monsanto. In the U.S., we operate Scotts LawnService®, the second largest residential lawn care service business. In Europe, the Company's brands include Weedol®, Pathclear®, Evergreen®, Levington®, Miracle-Gro®, KB®, Fertiligène® and Substral®. For additional information, visit us at www.scotts.com.
CONTACT: Jim King
Senior Vice President
Investor Relations & Corporate Affairs
(937) 578-5622Scotts Miracle-Gro Company