American Vanguard Declares $0.01 Semiannual Cash Dividend.NEWPORT BEACH Newport Beach, residential and resort city (1990 pop. 66,643), Orange co., S Calif., on Newport Bay and the Pacific Ocean; inc. 1906. It is a popular seaside resort and yachting center. Manufactures include electrical and medical equipment, computers, boats, and adhesives. , Calif. -- American Vanguard Corp. (NYSE NYSE See: New York Stock Exchange :AVD AvD Automobilclub von Deutschland (German automobile club) AVD Academy of Veterinary Dentistry AVD Audio Video Design (Melbourne, FL) AVD Audio Video Data AVD Association des Volontaires pour le Développement ) today announced that its Board of Directors declared a cash dividend of $0.01 per share. The dividend will be distributed on October 9, 2009 to shareholders of record as of September 25, 2009. Eric Wintemute, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of American Vanguard, stated, "We are pleased to declare this semi-annual dividend, which continues our tradition of sharing the Company's performance success directly with its shareholders. This dividend payment has been reduced from second half outlays Outlays Payments on obligations in the form of cash, checks, the issuance of bonds or notes, or the maturing of interest coupons. in prior years in response to current challenging business conditions in the agricultural chemical industry agricultural chemical industry suppliers and manufacturers of fertilizers, insecticides, anthelmintics, mineral and vitamin supplements, pharmaceuticals, growth promotants, feed additives, sanitation materials. . In conjunction with previously announced management actions to manage working capital and reduce operating expenses Operating expenses The amount paid for asset maintenance or the cost of doing business, excluding depreciation. Earnings are distributed after operating expenses are deducted. , the Board of Directors believes that it is prudent for the Company to preserve cash internally at this time." Historical Cash Dividends > > > > > > > > > > Year April(1) October(1) Total(1) > > > > > > > > > > 2009 $0.050 $0.010 $0.060 > > > > > > > > > > 2008 $0.050 $0.030 $0.080 > > > > > > > > > > 2007 $0.040 $0.030 $0.070 > > > > > > > > > > 2006 $0.053 $0.030 $0.083 > > > > > > > > > > 2005 $0.041 $0.023 $0.064 (1) As adjusted for stock splits. 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[R] & Russell 3000[R] Indexes and the Standard & Poors 600 Index. To learn more about American Vanguard, please reference the Company's web site at www.american-vanguard.com. The Company, from time to time, may discuss forward-looking information. All forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. are estimates by the Company's management and are 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. Any forward-looking statements in this release represent the Company's best judgment as of the date of this release. |
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