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2.5 Reasons to Hold On to This Lawn Care Titan's Stock

Lawn care titan Scotts Miracle-Gro (NYSE: SMG  ) is a selection for the real-money Inflation-Protected Income Growth portfolio. In this brief video, portfolio manager Chuck Saletta points out the 2.5 reasons why he's continuing to hold the company's stock.


  • Scotts Miracle-Gro's balance sheet looks reasonable.
  • Its dividend is covered and likely has room to continue growing.
  • Its valuation looks reasonable if it delivers a successful summer season.

Scotts Miracle-Gro's pattern of dividend growth sets it apart from its competition. Central Garden and Pet (NASDAQ: CENT  ) (NASDAQ: CENTA  ) does not pay a dividend at all. Spectrum Brands (NYSE: SPB  ) only recently started increasing its dividend, and with a 64% payout ratio, that dividend is not as well-covered as Scotts Miracle-Gro's.

Top dividend stocks for the next decade
The smartest investors know that dividend stocks simply crush their non-dividend-paying counterparts over the long term. That's beyond dispute. They also know that a well-constructed dividend portfolio creates wealth steadily, while still allowing you to sleep like a baby. Knowing how valuable such a portfolio might be, our top analysts put together a report on a group of high-yielding stocks that should be in any income investor's portfolio. To see our free report on these stocks, just click here now.

To follow the iPIG portfolio as buy and sell decisions are made, watch Chuck's article feed by clicking here. To join The Motley Fool's free discussion board dedicated to the iPIG portfolio, click here. To see the iPIG portfolio's online tracking spreadsheet, click here.

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Chuck Saletta

Chuck Saletta has been a regular Fool contributor since 2004. His investing style has been inspired by Benjamin Graham's Value Investing strategy. Chuck also can be found on the "Inside Value" discussion boards as a Home Fool.

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Related Tickers

8/28/2015 3:59 PM
CENT $12.18 Up +0.13 +1.08%
Central Garden & P… CAPS Rating: ***
CENTA $12.55 Up +0.10 +0.80%
Central Garden and… CAPS Rating: No stars
SMG $63.07 Up +0.04 +0.06%
Scotts Miracle-Gro CAPS Rating: *****
SPB $98.66 Up +0.98 +1.00%
Spectrum Brands CAPS Rating: *****