Fertilize Your Portfolio with Scotts Miracle-Gro

Filed under: Stocks to Buy

Everything seems to be coming up roses for investors in Scotts Miracle-Gro (SMG). And if you are interested in seeing some growth in your portfolio, now might be the time to give this lawn and garden care company a look.

Scotts has had a great week this week, even though the major market indexes have been moving lower. The company not only beat analyst expectations with earnings of $2.59 per share -- ahead of the expected $2.44 -- but also announced it is going to double its dividend and is going to be buying back its stock.

Dividends are king in this unstable market, and Scotts will now be paying investors 25 cents per share, which will be payable Sep 10, 2010 to shareholders of record as on Aug 27, 2010.

And if increasing the dividend wasn't enough, Scotts also announced a $500 million share-buyback program that will occur over the next four years.

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Fertilize Your Portfolio with Scotts Miracle-Gro originally appeared on BloggingStocks on Wed, 11 Aug 2010 17:00:00 EST. Please see our terms for use of feeds.

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