American Vanguard Declares $0.07 Semi-Annual Cash Dividend
NEWPORT BEACH, Calif.--(BUSINESS WIRE)-- 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 (AVD), 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 Companys future. We appreciate our investors continued support as we pursue profitable growth in the crop protection and public health markets worldwide.
Historical Cash Dividends
About American Vanguard
American Vanguard Corporation is a diversified specialty and agricultural products company that develops and markets products for crop protection and management, turf and ornamentals management and public and animal health. American Vanguard is included on the Russell 2000® & Russell 3000® Indexes and the Standard & Poors Small Cap 600 Index. To learn more about American Vanguard, please reference the Companys web site at www.american-vanguard.com.
The Company, from time to time, may discuss forward-looking information. All forward-looking statements are estimates by the Companys management and are subject to various risks and uncertainties that may cause results to differ from managements current expectations. Such factors include weather conditions, changes in regulatory policy and other risks as detailed in the Companys SEC reports and filings. Any forward-looking statements in this release represent the Companys best judgment as of the date of this release.
American Vanguard Corporation
William A. Kuser, 949-260-1200
Director of Investor Relations
The Equity Group Inc.
Lena Cati, 212-836-9611
Source: American Vanguard Corp.Copyright Business Wire 2012