Corteva Inc - CTVA STOCK NEWS

The 10th annual Global Food Security Index (GFSI) report, released on October 12, 2021, reveals a continued decline in global food security for the second straight year, largely due to the COVID-19 pandemic, climate change, nutrition issues, and lack of government investment in agriculture. Sponsored by Corteva Agriscience, the GFSI indicates that global food systems remain vulnerable and calls for sustained investments to combat food insecurity. Despite challenges, Corteva highlights its role in providing innovative agricultural solutions to enhance productivity and sustainability, aiming to meet the growing global food demands.

Corteva (NYSE: CTVA) announced the winners of its Climate Positive Leaders Program on September 20, 2021, recognizing farmers from Australia, Brazil, Canada, Kenya, and the U.S. for their innovative, climate-positive practices. The initiative honors those effectively implementing sustainable agricultural methods while maintaining productivity. Awardees will benefit from lifetime membership in the Global Farmer Network, training from the Carbon Management and Sequestration Center, and opportunities to share their best practices with other farmers. CEO James C. Collins Jr. emphasizes the program's aim to enhance sustainability alongside profitability.

Corteva (NYSE: CTVA) has expanded its Carbon Initiative for the 2022 crop year, collaborating with Indigo Ag to enable farmers to earn carbon credits. Farmers will receive 75% of the credit value, potentially earning up to $30 per credit, with a guaranteed minimum of $15. The initiative now spans 11 states and includes more crops and practices, allowing farmers to receive credits for eligible actions taken since post-harvest 2020. This program aims to help farmers realize sustainable profits while positively impacting the environment.

Corteva has announced the launch of Conkesta E3® soybeans in Brazil for the 2021-2022 season, enhancing its product lineup within the Enlist® weed control system. This new soybean technology aims to provide broad lepidopteran insect protection and drive growth in the lucrative Brazilian soybean market. The product has received approval for export to the European Union, allowing for international distribution. Corteva plans to introduce this innovation in Argentina and Uruguay pending regulatory approvals.

Corteva, Inc. (NYSE: CTVA) has announced a $1.5 billion share repurchase program, augmenting its previous $1 billion program expected to finish by year-end 2021. The new buyback allows for periodic repurchases in open-market or private transactions, depending on market conditions. CEO Jim Collins highlighted the board's confidence in the company's strategy and ability to generate shareholder value. Alongside a recently announced dividend increase, this move reflects Corteva's solid financial position and commitment to shareholder returns.

Corteva reported its Q2 2021 financial results, showing net sales of $5.6B, an 8% increase from Q2 2020. Income from continuing operations rose by 33% to $1.02B, with GAAP EPS at $1.37, up 36%. For the first half of 2021, net sales reached $9.8B, a 7% increase, and operating EBITDA grew 17% to $2.37B. The company raised its full-year guidance, expecting net sales between $15.2B and $15.4B.

Corteva, Inc. (NYSE: CTVA) has announced a $0.14 per share dividend, an increase of 7.7% from the previous rate. This dividend will be payable on September 15, 2021, to shareholders on record as of August 13, 2021. This marks Corteva's first dividend increase since becoming a public company in June 2019. CEO Jim Collins stated that this decision reflects the Board's confidence in the company's operational momentum, reinforcing its commitment to returning value to shareholders.

Corteva (NYSE: CTVA) announced the retirement of CEO James C. Collins, Jr., effective December 31, 2021. Collins, who has been with the company for over 37 years, will continue in his role until a successor is found. Greg Page, Independent Chairman, praised Collins for his leadership in establishing Corteva as a leading agriculture company. Collins expressed pride in the company's achievements and emphasized its solid foundation for future growth. The company remains focused on executing its financial commitments for the first half of 2021.

Corteva, Inc. (NYSE: CTVA) announced that CEO Jim Collins will speak at the Deutsche Bank Basic Materials Virtual Conference on June 9, 2021, at 2:15 p.m. ET. The event will be webcasted live and available for replay until June 9, 2022. Corteva, established as a standalone public company on June 1, 2019, offers a comprehensive portfolio in the agriculture sector, focusing on seed, crop protection, and digital solutions. The company emphasizes its commitment to enhancing productivity and profitability for farmers globally.