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."