American Vanguard Declares Quarterly Dividend

Rhea-AI Summary

American Vanguard Corp. (NYSE:AVD) has declared a cash dividend of $0.02 to be distributed on July 8, 2021, to shareholders of record as of June 24, 2021. This decision reflects the Board's confidence in the company's strong business model and commitment to shareholder returns. The total cash dividend for 2021, including this pending payment, will amount to $0.06. Over the past years, cash dividends have varied, with $0.08 in 2019 and $0.04 in 2020, showcasing a consistent commitment to providing value to shareholders.

Positive

• Declaration of $0.02 cash dividend indicates financial stability.
• Total cash dividends for 2021 will reach $0.06, higher than 2020.
• Board's confidence suggests strong business growth potential.

Negative

• None.

American Vanguard Corp. (NYSE:AVD) announced that its Board of Directors has declared a $0.02 cash dividend payment to be distributed on July 8, 2021 to shareholders of record as of June 24, 2021.

Eric Wintemute, Chairman and CEO of American Vanguard, stated, “This dividend payment continues our history of providing cash returns to shareholders based on successful operational and financial performance. It reflects the confidence that the Board of Directors has in the strength of our business model and our longer-term strategic growth initiatives in biological product development, geographic market expansion, consumer pest control and SIMPAS/Ultimus precision application technology. We appreciate the support of our shareholders as we develop and deliver important solutions that enhance agricultural productivity, safeguard public health and facilitate environmental sustainability.”

Annual Cash Dividend Payments: Based on Date of Cash Distribution

2021 - - Payments in 2021 (including pending payment) . . . . . . . . . . . $0.060

2020 - - Full Calendar Year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $0.040

2019 - - Full Calendar Year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $0.080

2018 - - Full Calendar Year. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $0.075

2017 - - Full Calendar Year. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $0.055

About American Vanguard

American Vanguard Corporation is a diversified specialty and agricultural products company that develops and markets products for crop protection and management, turf and ornamentals management and public and animal health. American Vanguard is included on the Russell 2000® & Russell 3000® Indexes and the Standard & Poors Small Cap 600 Index. To learn more about American Vanguard, please reference the Company’s web site at www.american-vanguard.com.

In its public commentary, the Company may discuss forward-looking information. Except for the historical information contained in this release, all forward-looking statements are estimates by the Company’s management subject to various risks and uncertainties that may cause results to differ from management’s current expectations. Such factors include weather conditions, changes in regulatory policy and other risks as detailed in the Company’s SEC reports and filings. All forward-looking statements, if any, in this release represent the Company’s judgment as of the date of this release.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210608005086/en/

FAQ

What is the dividend amount declared by American Vanguard Corp. (AVD) in 2021?

The declared dividend amount is $0.02 per share for 2021.

When will the cash dividend for AVD be paid?

The cash dividend will be paid on July 8, 2021.

What is the total cash dividend declared for 2021?

The total cash dividend for 2021, including the pending payment, is $0.06.

When is the record date for the dividend payment of AVD?

The record date for the dividend payment is June 24, 2021.