SMG (The Scotts Miracle Gro Co) Dividend Payout Ratio : 0.29 (As of Jun. 2024)

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What is The Scotts Miracle Gro Co Dividend Payout Ratio?

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. The Scotts Miracle Gro Co's Dividend Payout Ratio for the months ended in Jun. 2024 was 0.29.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of The Scotts Miracle Gro Co is 1.53, which seems too high.

The historical rank and industry rank for The Scotts Miracle Gro Co's Dividend Payout Ratio or its related term are showing as below:

SMG' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.27 Med: 0.55 Max: 2.18
Current: 1.53

During the past 13 years, the highest Dividend Payout Ratio of The Scotts Miracle Gro Co was 2.18. The lowest was 0.27. And the median was 0.55.

SMG's Dividend Payout Ratio is ranked worse than
92.42% of 132 companies
in the Agriculture industry
Industry Median: 0.405 vs SMG: 1.53

As of today (2024-10-31), the Dividend Yield % of The Scotts Miracle Gro Co is 3.02%.

During the past 13 years, the highest Trailing Annual Dividend Yield of The Scotts Miracle Gro Co was 6.43%. The lowest was 0.98%. And the median was 2.54%.

The Scotts Miracle Gro Co's Dividends per Share for the months ended in Jun. 2024 was $0.66.

During the past 3 years, the average Dividends Per Share Growth Rate was 3.80% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 4.70% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 5.80% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of The Scotts Miracle Gro Co was 58.70% per year. The lowest was 3.80% per year. And the median was 7.70% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

The Scotts Miracle Gro Co Dividend Payout Ratio Historical Data

The historical data trend for The Scotts Miracle Gro Co's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

The Scotts Miracle Gro Co Dividend Payout Ratio Chart

The Scotts Miracle Gro Co Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Dividend Payout Ratio

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0.50

0.33

0.27

0.64

2.18

The Scotts Miracle Gro Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Dividend Payout Ratio	Get a 7-Day Free Trial															0.56	-	-	0.18	0.29

Competitive Comparison of The Scotts Miracle Gro Co's Dividend Payout Ratio

For the Agricultural Inputs subindustry, The Scotts Miracle Gro Co's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

The Scotts Miracle Gro Co's Dividend Payout Ratio Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, The Scotts Miracle Gro Co's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where The Scotts Miracle Gro Co's Dividend Payout Ratio falls into.

The Scotts Miracle Gro Co Dividend Payout Ratio Calculation

The Scotts Miracle Gro Co's Dividend Payout Ratio for the fiscal year that ended in Sep. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Sep. 2023 )	/	EPS without NRI (A: Sep. 2023 )
	=	2.64	/	1.21
	=	2.18

The Scotts Miracle Gro Co's Dividend Payout Ratio for the quarter that ended in Jun. 2024 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Jun. 2024 )	/	EPS without NRI (Q: Jun. 2024 )
	=	0.66	/	2.31
	=	0.29

The Scotts Miracle Gro Co (NYSE:SMG) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

The Scotts Miracle Gro Co Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of The Scotts Miracle Gro Co's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

The Scotts Miracle Gro Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » The Scotts Miracle Gro Co (NYSE:SMG) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

0L45:UK SCQA:Germany SCQA:Germany

Address

14111 Scottslawn Road, Marysville, OH, USA, 43041

Website

https://www.scottsmiraclegro.com

Scotts Miracle-Gro is the largest purveyor of home lawn and gardening products in the us. The business consists of three reporting segments: us consumer, Hawthorne, and other. The us consumer segment consists of a broad range of lawncare products, including grass seed, fertilizer, and lawn-related weed, animal, and disease control. us consumer typically generates the vast majority of companywide revenue and profits. Hawthorne sells indoor gardening and hydroponic equipment, particularly to the cannabis growing industry, while the other segment primarily consists of lawn and gardening products sold in Canada. Its lawncare and gardening products are well-recognized brands in the us, including Scotts, Miracle-Gro, Roundup, Ortho, and Tomcat.

Executives

Nathan Eric Baxter	10 percent owner	C/O HAGEDORN PARTNERSHIP, L.P., 800 PORT WASHINGTON BOULEVARD, PORT WASHINGTON NY 11050
Hagedorn Partnerships L P	10 percent owner	SCOTTS MIRACLE-GRO PRODUCTS INC, 800 PORT WASHINGTON BLVD, PORT WASHINGTON NY 11050
Stephen L Johnson	director	14111 SCOTTSLAWN ROAD, MARYSVILLE OH 43041
Nancy G. Mistretta	director	14111 SCOTTSLAWN ROAD, MARYSVILLE OH 43041
Kelly Thomas N Jr	director	C/O THE SCOTTS MIRACLE-GRO COMPANY, 14111 SCOTTSLAWN ROAD, MARYSVILLE OH 43041
James Hagedorn	director, 10 percent owner, officer: President and CEO	C/O SCOTTS CO, 14111 SCOTTSLAWN ROAD, MARYSVILLE OH 43041
Julie Demuesy	officer: SVP, CHIEF HUMAN RESOURCES	14111 SCOTTSLAWN RD, MARYSVILLE OH 43041
Mark D Kingdon	director	14111 SCOTTSLAWN RD, MARYSVILLE OH 43041
Edith Aviles	director	14111 SCOTTSLAWN ROAD, MARYSVILLE OH 43041
Dimiter Todorov	officer: EVP, GC & CORPORATE SECRETARY	14111 SCOTTSLAWN RD, MARYSVILLE OH 43041
Matthew E Garth	officer: EVP & CFO	622 THIRD AVENUE, 38TH FLOOR, NEW YORK NY 10017
David C Evans	officer: EVP and CFO	C/O THE SCOTTS MIRACLE-GRO COMPANY, 14111 SCOTTSLAWN ROAD, MARYSVILLE OH 43041
Peter E Shumlin	director	14111 SCOTTSLAWN ROAD, MARYSVILLE OH 43041
Brian E Sandoval	director	14111 SCOTTSLAWN ROAD, MARYSVILLE OH 43041
James D King	officer: EVP and CCO	14111 SCOTTSLAWN RD, MARYSVILLE OH 43041