The Scotts Miracle-Gro Company
SMGBasic Materials · Agricultural Inputs · Stock · quarterly payer
Forward Yield
4.49%
Annual Dividend
$2.64
Payout Ratio
102%
5-Yr Growth
2.2%
Ex-Date
Aug 21, 2026
Frequency
Quarterly
Key facts about SMG's dividend
Data as of · Source: SmarterDividends data
- As of Oct 27, 2026, The Scotts Miracle-Gro Company (SMG) has a forward dividend yield of 4.49%, based on an annual dividend of $2.64 per share and a share price of $58.83.
- As of Oct 27, 2026, SMG's dividend safety grade from SmarterDividends is A (80 out of 100), which rates the dividend as very safe.
- SMG has never cut its regular dividend in the payment history SmarterDividends has on record.
- SMG's most recent ex-dividend date was Aug 21, 2026, for a dividend of $0.66 per share.
- As of Oct 27, 2026, SMG pays out 102% of its trailing 12-month earnings as dividends (its payout ratio).
- SMG's dividend has grown at an average rate of 2.2% a year over the past five years.
- As of Oct 27, 2026, SMG's 4.49% yield is 34% above its five-year average yield of 3.34%.
- As of Oct 27, 2026, SmarterDividends' blended fair-value estimate for SMG is $56.70 per share, 4% below the $58.83 share price, so SMG screens as fairly valued.
- The Scotts Miracle-Gro Company (SMG) pays its dividend quarterly, 4 times a year.
- The Scotts Miracle-Gro Company (SMG) has raised its regular dividend 12 times and cut it 0 times across the 87 payments on record since 2005. Its most recent change was a 6.5% increase to $0.660 per share, going ex-dividend on Aug 26, 2021.
Cite this page
SmarterDividends, "SMG Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 27, 2026, https://smarterdividends.com/stocks/SMG
Summary
As of Oct 27, 2026, The Scotts Miracle-Gro Company (SMG) yields 4.49% ($2.64 a year per share) and has a dividend safety grade of A (80/100).
Is SMG a good dividend stock?
YesThe Scotts Miracle-Gro Company (SMG) pays a quarterly dividend yielding 4.49% ($2.64/yr), with 0 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- Never cut its dividend on record
- Top-tier dividend safety score
Risks
- Elevated payout ratio (102%)
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 4.49%
- Payout Ratio
- 102%
- Annual Dividend
- $2.64
- 5-Yr Avg Growth
- 2.2%
- Ex-Dividend Date
- Aug 21, 2026
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- 1.85
- Market Cap
- $3.4B
- P/E Ratio
- 21.0
- 5-Yr Total Return
- -59%
- 52-Week Range
- $47.90 – $75.34
- Dividend Safety
- A · 80/100
- Ever Cut?
- No
SMG dividend raises and cuts
The Scotts Miracle-Gro Company (SMG) has raised its regular dividend 12 times and cut it 0 times across the 87 payments on record since 2005. Its most recent change was a 6.5% increase to $0.660 per share, going ex-dividend on Aug 26, 2021.
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Aug 26, 2021 | Raise | $0.620 → $0.660 | +6.5% |
| Nov 27, 2020 | Raise | $0.580 → $0.620 | +6.9% |
| Aug 26, 2019 | Raise | $0.550 → $0.580 | +5.5% |
| Aug 24, 2018 | Raise | $0.530 → $0.550 | +3.8% |
| Aug 23, 2017 | Raise | $0.500 → $0.530 | +6.0% |
| Aug 24, 2016 | Raise | $0.470 → $0.500 | +6.4% |
| Aug 25, 2015 | Raise | $0.450 → $0.470 | +4.4% |
| Aug 25, 2014 | Raise | $0.438 → $0.450 | +2.7% |
| Aug 23, 2013 | Raise | $0.325 → $0.438 | +34.8% |
| Aug 23, 2012 | Raise | $0.300 → $0.325 | +8.3% |
| Aug 24, 2011 | Raise | $0.250 → $0.300 | +20.0% |
| Aug 25, 2010 | Raise | $0.125 → $0.250 | +100.0% |
Frequently Asked Questions
Is SMG a good dividend stock?
Yes. The Scotts Miracle-Gro Company (SMG) pays a quarterly dividend yielding 4.49% ($2.64/yr), with 0 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Is SMG undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, SMG's fair value is about $56.70 versus a $58.83 share price — so it looks fairly valued (-4% vs. fair value).
Is SMG's dividend safe?
SMG has a dividend-safety grade of A (80/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a clean no-cut history, debt and yield-versus-history.
What is SMG's fair value?
Our blended fair-value estimate for SMG is about $56.70 per share, about 4% below the current $58.83 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is SMG a buy, hold, or sell?
We don't issue formal ratings, but on the data SMG screens as "yes" and fairly valued. The Scotts Miracle-Gro Company (SMG) pays a quarterly dividend yielding 4.49% ($2.64/yr), with 0 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.
Will SMG cut its dividend?
SMG earns a dividend-safety grade of A (80/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does SMG pay a dividend?
Yes. The Scotts Miracle-Gro Company pays a quarterly dividend of about $2.64 per share annually, a forward yield of roughly 4.49%.
What is SMG's dividend yield?
As of Oct 27, 2026, SMG's forward dividend yield is 4.49%, based on a $2.64 annual dividend and a $58.83 share price.
What is SMG's dividend per share?
As of Oct 27, 2026, SMG pays $2.64 per share per year, distributed on a quarterly basis.
What is SMG's dividend payout ratio?
As of Oct 27, 2026, SMG's payout ratio is 102% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.
How many years has SMG grown its dividend?
SMG does not currently have a long dividend-growth streak on record.
When is the next SMG ex-dividend date?
As of Oct 27, 2026, SMG's next ex-dividend date hasn't been announced. The most recent was Aug 21, 2026, for $0.66 per share.
SMG Price — Last 12 Months
Daily close
Price Return
1 Year
+5%
3 Years
+7%
5 Years
-59%
52-Week Range
$47.90 – $75.34
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is SMG worth?
Fairly valuedhigh confidenceOur blended fair-value estimate for The Scotts Miracle-Gro Company is $56.70 per share, versus a market price of $58.83. That implies the stock is roughly fairly priced.
Fair Value
$56.70
Current Price
$58.83
Gap
-4%
Margin of Safety
-4%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 7.0% annual free-cash-flow growth. We model 8.1% — below our estimate, leaving room for upside if the business executes.
Assumptions: 12.0% discount rate (CAPM), 8.1% growth for five years fading to 2.5% over the next five, $2.80 EPS, $2.64 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
SMG Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full SMG dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 21, 2026 | Sep 4, 2026 | $0.6600 | regular |
| May 22, 2026 | Jun 5, 2026 | $0.6600 | regular |
| Feb 20, 2026 | Mar 6, 2026 | $0.6600 | regular |
| Nov 21, 2025 | Dec 5, 2025 | $0.6600 | regular |
| Aug 22, 2025 | Sep 5, 2025 | $0.6600 | regular |
| May 23, 2025 | Jun 6, 2025 | $0.6600 | regular |
| Feb 21, 2025 | Mar 7, 2025 | $0.6600 | regular |
| Nov 22, 2024 | Dec 6, 2024 | $0.6600 | regular |
| Aug 23, 2024 | Sep 6, 2024 | $0.6600 | regular |
| May 23, 2024 | Jun 7, 2024 | $0.6600 | regular |
| Feb 22, 2024 | Mar 8, 2024 | $0.6600 | regular |
| Nov 24, 2023 | Dec 8, 2023 | $0.6600 | regular |
| Aug 24, 2023 | Sep 8, 2023 | $0.6600 | regular |
| May 25, 2023 | Jun 9, 2023 | $0.6600 | regular |
Income Calculator
At $2.64 / yr per share
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