Corteva Declares Quarterly Dividend

Rhea-AI Summary

Corteva, Inc. (NYSE: CTVA) has declared a quarterly dividend of $0.15 per share, scheduled for payment on June 15, 2023. This dividend will be distributed to shareholders on record as of June 1, 2023. Corteva is a global agriculture company known for its innovative approaches to agricultural challenges, emphasizing its commitment to enhancing productivity and sustainability within the industry.

Positive

• Dividend declared at $0.15 per share, indicating company confidence in financial stability.
• Scheduled dividend payment shows commitment to returning value to shareholders.

Negative

• None.

News Market Reaction – CTVA

-0.66%

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-0.66% News Effect

On the day this news was published, CTVA declined 0.66%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

INDIANAPOLIS, April 21, 2023 /PRNewswire/ -- Corteva, Inc. (NYSE: CTVA) today announced its Board of Directors has authorized a common stock dividend of $0.15 cents per share, payable June 15, 2023, to the Company's shareholders of record on June 1, 2023.

EIDP, Inc. Announces Preferred Stock Dividend 

The Board of Directors of EIDP, Inc. (formerly known as E. I. du Pont de Nemours and Company) (EIDP) 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 July 25, 2023, to EIDP stockholders of record on July 7, 2023. EIDP, Inc. is a wholly owned subsidiary of Corteva, Inc.

About Corteva

Corteva, Inc. (NYSE: CTVA) is a publicly traded, global pure-play agriculture company that combines industry-leading innovation, high-touch customer engagement and operational execution to profitably deliver solutions for the world's most pressing agriculture challenges. Corteva generates advantaged market preference through its unique distribution strategy, together with its balanced and globally diverse mix of seed, crop protection, and digital products and services. With some of the most recognized brands in agriculture and a technology pipeline well positioned to drive growth, the company is committed to maximizing productivity for farmers, while working with stakeholders throughout the food system as it fulfills its promise to enrich the lives of those who produce and those who consume, ensuring progress for generations to come. More information can be found at www.corteva.com.

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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 Corteva's financial results or outlook; strategy for growth; product development; regulatory approvals; market position; capital allocation strategy; liquidity; environmental, social and governance targets; the anticipated benefits of acquisitions, restructuring actions, or cost savings initiatives; and the outcome of contingencies, such as litigation and environmental matters, are forward-looking statements.

Forward-looking statements are based on certain assumptions and expectations of future events which may not be accurate or realized. Forward-looking statements also involve risks and uncertainties, many of which are beyond Corteva's control. Consequences of material differences in results as compared with those anticipated in the forward-looking statements could include, among other things, business disruption, operational problems, financial loss, legal liability to third parties and similar risks, any of which could have a material adverse effect on Corteva's business, results of operations and financial condition. Additionally, there may be other risks and uncertainties that Corteva is unable to currently identify or that Corteva does not currently expect to have a material impact on its business.

Where, in any forward-looking statement, an expectation or belief as to future results or events is expressed, such expectation or belief is based on the current plans and expectations of Corteva's management and expressed in good faith and believed to have a reasonable basis, but there can be no assurance that the expectation or belief will result or be achieved or accomplished. Corteva disclaims and does not undertake any obligation to update or revise any forward-looking statement, except as required by applicable law. A detailed discussion of some of the significant risks and uncertainties which may cause results and events to differ materially from such forward-looking statements is included in the "Risk Factors" section of Corteva's Annual Report on Form 10-K, as modified by subsequent Quarterly Reports on Forms 10-Q and Current Reports on Form 8-K.

^{™ ®} Trademarks of Corteva Agriscience and its affiliated companies.

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SOURCE Corteva, Inc.

FAQ

What is the dividend amount declared by Corteva (CTVA) in April 2023?

Corteva declared a dividend of $0.15 per share.

When will the dividend be paid to Corteva shareholders?

The dividend will be paid on June 15, 2023.

What is the record date for receiving the dividend from Corteva?

The record date for the dividend is June 1, 2023.

How often does Corteva pay dividends?

Corteva typically pays dividends quarterly.

How is the sustainability of Corteva's dividend perceived?

The declared dividend reflects Corteva's current financial performance and commitment to shareholders, but ongoing evaluations of financial metrics are essential.