Welcome to our dedicated page for Corteva news (Ticker: CTVA), a resource for investors and traders seeking the latest updates and insights on Corteva stock.
Corteva, Inc. (NYSE: CTVA) is a global pure-play agriculture company whose news flow reflects its focus on seed, crop protection, and digital products and services. Company announcements frequently highlight developments in agricultural technology, nature-inspired crop protection, biologicals, and strategic collaborations with partners across the agriculture, energy and biotechnology sectors.
Investors and industry followers can use this news stream to track Corteva’s progress on its stated strategy, including its planned separation into two independent public companies: a crop protection-focused business referred to as New Corteva and a seed-focused business referred to as SpinCo. News items also cover financial performance updates, such as quarterly earnings releases and guidance ranges, as well as capital allocation decisions like dividends and share repurchase programs mentioned in company communications.
Corteva’s releases often feature product and pipeline updates, including new biological and nature-inspired insect control solutions such as Goltrevo bioinsecticide and Varpelgo active, subject to regulatory approvals. They also describe joint ventures and partnerships, for example a multi-million-dollar joint venture with Hexagon Bio to accelerate nature-inspired crop protection discovery, and the Etlas joint venture with bp to develop crop-based biofuel feedstocks for sustainable aviation fuel and renewable diesel.
In addition, the company issues news about governance and leadership, including executive appointments and succession plans, as well as investor events like earnings webcasts and conference calls. This page aggregates such coverage so readers can follow Corteva’s operational updates, strategic initiatives, product announcements and financial disclosures through a single, symbol-focused news feed.
Corteva, Inc. (NYSE: CTVA) has announced a 6% increase in its quarterly dividend, marking the fourth consecutive year of dividend growth since its 2019 spin-off. The new dividend of $0.17 per share will be payable on September 17, 2024, to shareholders of record as of September 3, 2024. This increase reflects Corteva's commitment to returning capital to shareholders and its focus on driving margin expansion and sustainable long-term growth through innovation, customer engagement, and operational execution.
Additionally, EIDP, Inc., a wholly owned subsidiary of Corteva, declared dividends on its preferred stock series: $1.12-1/2 per share on the $4.50 series and $0.87-1/2 per share on the $3.50 series, both payable on October 25, 2024, to stockholders of record on October 4, 2024.
Corteva (NYSE: CTVA) has announced it will release its second quarter 2024 earnings on July 31, 2024, after market close. The earnings will be detailed in a live webcast on August 1, 2024, at 10:00 a.m. Eastern Time, with an accompanying slide presentation on the company's Investor Events and Presentations page. A replay of the webcast will be available until August 1, 2025.
Corteva has announced that its Executive Vice President and CFO, Dave Anderson, will present at the 2024 Wells Fargo Industrials Conference on June 11, 2024, at 9:00 a.m. ET. The event will be webcast live, and registration is available through the Corteva Investor Relations site. A replay will be accessible 24 hours post-event until September 11, 2024.
Corteva commemorates its five-year journey as a public company, emphasizing its commitment to innovation in agriculture. The company has introduced significant products, including Enlist E3 soybeans, Vorceed Enlist corn, and various biostimulants and nematicides. These innovations have helped farmers combat pests and diseases, increase crop yields, and sustainably meet growing global food demands. Corteva invests nearly $4 million daily in innovation and employs 22,500 people worldwide. Over the past five years, the company has surpassed $78 billion in sales, increased annual operating EBITDA by $1.3 billion, and provided a 140% total shareholder return. Corteva has also launched approximately 2,000 new products, established over 700 global agreements, and added more than 7,000 patents, showcasing a robust performance in delivering cutting-edge agricultural technology.
Corteva, Inc. (NYSE: CTVA) executives will speak at the 2024 BMO Farm to Market Chemicals Conference on May 15, 2024. The webcast will be available for registration on the Corteva Investor Relations website, with a replay available until August 15, 2024.
Corteva reported first-quarter 2024 results in line with expectations, showcasing strength in the Seed business but decline in Crop Protection. The company reaffirmed its 2024 guidance, supported by controllable factors.
First-quarter net sales decreased 8%, with Seed net sales growing 2% and Crop Protection net sales decreasing 20%. GAAP income and EPS were $376 million and $0.53 per share, respectively. Operating EBITDA was $1.03 billion, and Operating EPS was $0.89 per share.
The company reiterated its full-year 2024 guidance with expected net sales between $17.4 billion to $17.7 billion, Operating EBITDA between $3.5 billion to $3.7 billion, and Operating EPS between $2.70 to $2.90 per share.
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