Recs

0

American Vanguard Shifts to Quarterly Dividends

Investors in American Vanguard (NYSE: AVD  ) will be receiving dividends twice as frequently as in the past. The company announced Monday that is has launched quarterly distributions with a $0.05-per-share payout, to be paid July 19 to shareholders of record as of July 5.

Previously, the company paid its disbursements on a semi-annual basis. The last such payment was $0.07 per share, handed out in April. A $0.10-per-share special dividend was distributed in December.

"This new quarterly payment approach will allow our shareholders to realize more immediate benefits from the continuing expansion and financial success of our Company," said CEO Eric Wintemute in a statement.

The new quarterly dividend annualizes to $0.20 per share. That yields 0.7% at American Vanguard's most recent closing stock price of $30.61.

link


Read/Post Comments (0) | Recommend This Article (0)

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2483439, ~/Articles/ArticleHandler.aspx, 10/1/2016 12:58:58 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 3 hours ago Sponsored by:
DOW 18,308.15 164.70 0.91%
S&P 500 2,168.27 17.14 0.80%
NASD 5,312.00 42.85 0.81%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/30/2016 4:02 PM
AVD $16.06 Up +0.04 +0.25%
American Vanguard CAPS Rating: **