American Vanguard Corp. (NYSE:AVD) announced that its Board of Directors
has declared a $0.02 cash dividend payment to be distributed on January
9, 2015 to shareholders of record as of December 26, 2014.
Eric Wintemute, Chairman and CEO of American Vanguard, stated, “This
dividend continues our history of providing such returns to our
shareholders while reflecting the difficult conditions that our industry
sector has faced in 2014. We are addressing those challenges vigorously
through cost reductions and efficiency improvements in both our
manufacturing and administrative management activities. One of the most
significant actions has been a 21% reduction in our workforce over the
past 12 months. We will continue to invest in the development of new
product and equipment technologies that can enhance the long-term
prospects of the company. Management and the Board wish to thank our
shareholders for their continued support as we take the prudent
near-term steps necessary to strengthen American Vanguard’s future
performance.”
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 Company’s web site at www.american-vanguard.com.
In its public commentary, the Company may discuss forward-looking
information. Except for the historical information contained in this
release, all forward-looking statements are estimates by the Company’s
management subject to various risks and uncertainties that may cause
results to differ from management’s current expectations. Such factors
include weather conditions, changes in regulatory policy and other risks
as detailed in the Company’s SEC reports and filings. All
forward-looking statements, if any, in this release represent the
Company’s judgment as of the date of this release.
Copyright Business Wire 2014