Action Underscores Commitment to Shareholder Value
E. I. du Pont de Nemours and Company Announces Quarterly Dividend on Preferred Stock
WILMINGTON, Del. – WEBWIRE – Thursday, July 22, 2021
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 Companys shareholders of record on August 13, 2021 representing an annualized increase of 7.7% over the Companys previous quarterly dividend.
Corteva Chief Executive Officer Jim Collins said, This action reflects the Boards continued confidence in Cortevas ability to execute and is consistent with the Companys operational momentum. This increase further reinforces Cortevas stated commitment to maintaining a competitive dividend and returning value to shareholders.
Dave Anderson, Executive Vice President and Chief Financial Officer said, Cortevas dividend policy is an important element of the Companys balanced and disciplined approach to capital allocation. Anderson continued, This increase supports our shareholder-centered approach.
This increase marks the first increase to the Companys 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.
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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 Cortevas 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