American Vanguard Boosts Dividend to $0.07 from $0.05
American Vanguard Corp. (NYSE: AVD) today announced that its Board of Directors has declared a semi-annual cash dividend of $0.07 per share. The dividend will be distributed on October 12, 2012 to shareholders of record as of September 28, 2012.
Eric Wintemute, Chairman and CEO of American Vanguard, stated, “We are pleased to declare this semi-annual dividend, which continues our 18 year history of providing such returns to our shareholders. This semi-annual dividend brings our total calendar 2012 distribution to $0.12, a 50% increase over the $0.08 distributed in 2011. This action gives investors a share of the excellent financial performance we have had thus far in 2012 and reflects the confidence that management and the Board of Directors have in the Company's future. We appreciate our investors' continued support as we pursue profitable growth in the crop protection and public health markets worldwide.”
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