American Vanguard Declares Quarterly Dividend

Rhea-AI Summary

American Vanguard Corporation (AVD) declared a cash dividend of $0.03 per share for shareholders of record as of December 29, 2023, continuing its practice of providing cash returns to shareholders. The company's Chairman and CEO, Eric W. Wintemute, expressed strong belief in the company's value, future growth, and profitability. AVD's annual cash dividend payments have shown a positive trend, with a consistent increase over the years.

Positive

• Consistent increase in annual cash dividend payments over the years
• Strong belief in company's value, future growth, and profitability

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 December 29, 2023, for distribution on January 12, 2024.

Chairman and CEO, Eric W. Wintemute commented, “This dividend payment continues our long-standing practice of providing cash returns to shareholders. Both management and our Board of Directors strongly believe in the value of the company and its prospects for future growth and profitability. 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 - - Full Calendar Year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $0.120
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

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. Over the past 20 years, through product and business acquisitions, the Company has expanded its operations into 17 countries and now has over 1,000 product registrations in 56 nations worldwide. Its strategy rests on three growth initiatives – i) Core Business (through innovation of conventional products), ii) Green Solutions (with over 130 biorational products – including fertilizers, microbials, nutritionals and non-conventional products) and iii) Precision Agriculture innovation (including SIMPAS prescriptive application and Ultimus measure/record/verify technologies). American Vanguard is included on the Russell 2000® and Russell 3000® Indexes. 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/20231215814413/en/

Company Contact:

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 / 212-836-9611

Lcati@equityny.com

Source: American Vanguard Corporation

FAQ

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

American Vanguard Corporation (AVD) declared a cash dividend of $0.03 per share.

When will the cash dividend be distributed to shareholders of American Vanguard Corporation (AVD)?

The cash dividend will be distributed on January 12, 2024, to shareholders of record as of December 29, 2023.

Who is the Chairman and CEO of American Vanguard Corporation (AVD)?

The Chairman and CEO of American Vanguard Corporation (AVD) is Eric W. Wintemute.

What is the trend in AVD's annual cash dividend payments?

AVD's annual cash dividend payments have shown a positive trend, with a consistent increase over the years.

What is the NYSE ticker symbol for American Vanguard Corporation?

The NYSE ticker symbol for American Vanguard Corporation is AVD.