Eric Wintemute, Chairman and CEO of American Vanguard, stated, “This dividend payment extends our 27 year history of providing such returns to our shareholders. While business conditions in the Crop Protection Industry have been quite challenging for the past 2 years, American Vanguard has taken decisive management action to enhance operational efficiency and strengthen our balance sheet. We have also positioned the Company to expand internationally and are driving a significant Precision Agriculture initiative with our prescription planting SIMPAS equipment technology. This dividend payment reflects recent improvement in our financial performance and the long-term confidence that the Board of Directors has in our future prospects. We appreciate our investors’ support as we continue to deliver important solutions that enhance agricultural productivity and safeguard public health worldwide.”
Note: A “Special dividend” of $0.10 per share was paid at the end of 2012 – – bringing the total paid in that year to $0.22 per share.
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.