The Scotts Miracle-Gro Company has announced its upcoming dividend, offering shareholders a payout of $0.660 per share. This figure is notably higher than the average dividend of $0.580 from the last ten distributions. The announcement was made on Apr 21, 2025, with the ex-dividend date set for May 23, 2025, and the payment scheduled for Jun 6, 2025. The previous dividend dispensed on Mar 7, 2025, also amounted to $0.660 per share, indicating a consistent dividend strategy. These dividends are categorized as cash distributions, reflecting the company's ongoing commitment to returning value to its investors.
In recent developments surrounding
, there have been significant shifts in institutional holdings. Recently,
Corp
reduced its stake by 23% during the fourth quarter, owning 375,109 shares valued at approximately $24,885,000 post-sale. Man Group plc enhanced its position by 24.2% during the same period, indicating varied investor strategies. Over the past week, analysts have adjusted their ratings and price targets for the company.
revised its price objective from $55.00 to $54.00, maintaining a neutral stance. In contrast, Truist Financial and Stifel Nicolaus have upgraded their ratings from "hold" to "buy," with adjusted price targets reflecting positive sentiment. The stock opened at $62.45 on May 19, 2025, showcasing a recovery trend compared to previous weeks.
Moreover, the company reported quarterly earnings results on Apr 30, 2025, revealing an EPS of $3.98, surpassing analyst expectations. However, revenue experienced a decline, down 6.8% compared to the same quarter last year, signaling challenges in operational dynamics. Despite this, the company's fundamentals, such as its market cap of $3.60 billion and active segments in both consumer and hydroponics markets, illustrate a robust foundation.
In conclusion,
is poised for a pivotal moment as it approaches the ex-dividend date on May 23, 2025. This date serves as the final opportunity for investors to purchase shares and be eligible for the upcoming dividend. Any transactions made after this date will not qualify for the dividend payout, underscoring the importance of timely investment decisions.
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