Categories: announcesCorteva

Corteva Announces Increase to Common Stock Dividend

Action Underscores Commitment to Shareholder Value

E. I. du Pont de Nemours and Company Announces Quarterly Dividend on Preferred Stock

WILMINGTON, Del. – WEBWIRE

Corteva, Inc. (NYSE: CTVA) announced its Board of Directors has authorized a common stock dividend of $0.14 cents per share, payable September 15, 2021, to the Company’s shareholders of record on August 13, 2021 – representing an annualized increase of 7.7% over the Company’s previous quarterly dividend.

Corteva Chief Executive Officer Jim Collins said, “This action reflects the Board’s continued confidence in Corteva’s ability to execute – and is consistent with the Company’s operational momentum. This increase further reinforces Corteva’s stated commitment to maintaining a competitive dividend and returning value to shareholders.”

Dave Anderson, Executive Vice President and Chief Financial Officer said, “Corteva’s dividend policy is an important element of the Company’s balanced and disciplined approach to capital allocation. Anderson continued, “This increase supports our shareholder-centered approach.”

This increase marks the first increase to the Company’s cash dividend since becoming a public company in June 2019.

E. I. du Pont de Nemours and Company Announces Preferred Stock Dividend

The Board of Directors of E. I. du Pont de Nemours and Company (EID) declared regular preferred stock dividends of $1.12-1/2 per share on the $4.50 series preferred stock and $0.87-1/2 per share on the $3.50 series preferred stock – both payable October 25, 2021 to EID stockholders of record on October 8, 2021. EID is a wholly-owned subsidiary of Corteva, Inc.

# # #

About Corteva

Corteva, Inc. (NYSE: CTVA) is a publicly traded, global pure-play agriculture company that provides farmers around the world with the most complete portfolio in the industry – including a balanced and diverse mix of seed, crop protection and digital solutions focused on maximizing productivity to enhance yield and profitability. With some of the most recognized brands in agriculture and an industry-leading product and technology pipeline well positioned to drive growth, the Company is committed to working with stakeholders throughout the food system as it fulfils its promise to enrich the lives of those who produce and those who consume, ensuring progress for generations to come. Corteva became an independent public company on June 1, 2019, and was previously the Agriculture Division of DowDuPont. More information can be found at www.corteva.com.

Cautionary Statement About Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended, which may be identified by their use of words like “plans,” “expects,” “will,” “anticipates,” “believes,” “intends,” “projects,” “targets,” “estimates” or other words of similar meaning. All statements that address expectations or projections about the future, including statements about Corteva’s strategy for growth, cash flow, product development, regulatory approval, market position, anticipated benefits of recent acquisitions, timing of anticipated benefits from restructuring actions, outcome of contingencies, such as litigation and environmental matters, expenditures, and financial results, as well as expected

Read More

News Bot

Share
Published by
News Bot

Recent Posts

We are now at ‘Feels like a new signing’ stage of the Newcastle United transfer window

So how has this Newcastle United transfer window been for you? Or maybe the question…

36 mins ago

That time the vault was set too low at the 2000 Sydney Olympics and everybody fell

In honor of Suni Lee winning Olympic gold in the women's all-around gymnastics, here's that…

38 mins ago

Intense video of a paddleboarder saved by his lifejacket and waterproof phone pouch

This is intense footage of a paddleboarder who was saved by his waterproof phone pouch…

38 mins ago

Joint parliamentary committee to scrutinise Online Safety Bill

A parliamentary “super committee” made up of MPs and lords has been established to scrutinise…

38 mins ago

Covid-19: TechUK urges government to tweak self-isolation policy for critical datacentre workers

TechUK wants datacentre operators to be allowed to run their own "test and release" protocols…

38 mins ago

Covid-19: Lockdown lifting slows Amazon’s sales growth during Q2

Amazon’s revenue growth rate hits a post-pandemic speed bump, as the lifting of lockdown restrictions…

38 mins ago