American Vanguard Declares Quarterly Dividend

Rhea-AI Summary

American Vanguard Corporation (NYSE: AVD) has declared a cash dividend of $0.03 per share, set for distribution on April 14, 2023, to shareholders of record as of March 24, 2023. The announcement reflects the company’s strong financial performance in 2022 and a positive outlook for 2023, showcasing confidence from the Board of Directors. This dividend payment is part of a history of returning cash to shareholders, with the total annual dividend for 2023 projected at $0.060. The company emphasizes its commitment to agricultural productivity, public health, and environmental sustainability.

Positive

• Declared a cash dividend of $0.03 per share, showing confidence in financial performance.
• Continues history of cash returns to shareholders, enhancing investor trust.
• Positive financial outlook for 2023 after a strong performance in 2022.

Negative

• None.

NEWPORT BEACH, Calif.--(BUSINESS WIRE)-- American Vanguard Corporation (NYSE: AVD) announced that its Board of Directors has declared a cash dividend in the amount of $0.03 per share of the company’s common stock to shareholders of record as of March 24, 2023, for distribution on April 14, 2023.

Chairman and CEO Eric W. Wintemute commented, “In light of our strong financial performance during 2022 and a promising outlook for 2023, we are pleased to provide a quarterly cash dividend of $0.03 per share. This dividend payment continues our history of providing cash returns to shareholders based on successful operational and financial performance. This dividend reflects the confidence that the Board of Directors has in our core business, our overall financial strength, and the substantial prospects of our strategic growth initiatives. We appreciate the continuing 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
2023 - - Payments (including pending) . . . . . . . . . . . . . . . . . . . . . . . $0.060
2022 - - Full Calendar Year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $0.095
2021 - - Full Calendar Year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $0.080
2020 - - Full Calendar Year - (Pandemic Impacted) . . . . . . . . . . . . . $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, manufactures, and markets solutions for crop protection and nutrition, turf and ornamentals management, commercial and consumer pest control. American Vanguard is included on the Russell 2000® and Russell 3000® Indexes and the Standard & Poor’s Small Cap 600 Index. To learn more about American Vanguard, please reference the Company’s web site at www.american-vanguard.com.

The Company, from time to time, 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 and are 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 from time-to-time 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/20230313005738/en/

American Vanguard Corporation

William A. Kuser, Director of Investor Relations

(949) 260-1200

williamk@amvac.com

Investor Representative

The Equity Group Inc.

www.theequitygroup.com

Lena Cati

Lcati@equityny.com

Source: American Vanguard Corporation

FAQ

What is the dividend amount declared by American Vanguard Corporation (AVD)?

American Vanguard Corporation has declared a cash dividend of $0.03 per share.

When is the dividend payment date for AVD?

The dividend payment date for American Vanguard Corporation is April 14, 2023.

What is the record date for the dividend of AVD?

The record date for the dividend is March 24, 2023.

How much was the total annual cash dividend payment for AVD in 2022?

The total annual cash dividend payment for American Vanguard Corporation in 2022 was $0.095.

What is the outlook for American Vanguard Corporation in 2023?

The outlook for 2023 is positive based on the company's strong financial performance in 2022.