Corteva Increases Quarterly Dividend for Fourth Consecutive Year

Rhea-AI Summary

Corteva, Inc. (NYSE: CTVA) has announced a 6% increase in its quarterly dividend, marking the fourth consecutive year of dividend growth since its 2019 spin-off. The new dividend of $0.17 per share will be payable on September 17, 2024, to shareholders of record as of September 3, 2024. This increase reflects Corteva's commitment to returning capital to shareholders and its focus on driving margin expansion and sustainable long-term growth through innovation, customer engagement, and operational execution.

Additionally, EIDP, Inc., a wholly owned subsidiary of Corteva, declared dividends on its preferred stock series: $1.12-1/2 per share on the $4.50 series and $0.87-1/2 per share on the $3.50 series, both payable on October 25, 2024, to stockholders of record on October 4, 2024.

Positive

• Quarterly dividend increased by 6% to $0.17 per share
• Fourth consecutive year of dividend growth since 2019 spin-off
• Demonstrates commitment to returning capital to shareholders
• Indicates confidence in margin expansion and sustainable long-term growth

Negative

• None.

INDIANAPOLIS, July 29, 2024 /PRNewswire/ -- Corteva, Inc. (NYSE: CTVA) today announced its Board of Directors has authorized a common stock dividend of $0.17 per share, representing an annual increase of more than 6% over the company's previous quarterly dividend and payable September 17, 2024 to the company's shareholders of record on September 3, 2024. This is Corteva's fourth dividend increase since its 2019 spin-off and a result of the company's firm focus on driving margin expansion and sustainable long-term growth through industry-leading innovation, high-touch customer engagement, together with disciplined operational execution. The announcement reflects Corteva's continued focus on returning capital to shareholders.

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 October 25, 2024, to EID stockholders of record on October 4, 2024. EIDP, Inc. is a wholly owned subsidiary of Corteva, Inc.

About Corteva 
Corteva, Inc. (NYSE: CTVA) is a 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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SOURCE Corteva, Inc.

FAQ

What is Corteva's new quarterly dividend amount for 2024?

Corteva's new quarterly dividend is $0.17 per share, representing a 6% increase over the previous quarterly dividend.

When will Corteva (CTVA) pay its newly announced dividend?

Corteva will pay the newly announced dividend on September 17, 2024, to shareholders of record as of September 3, 2024.

How many consecutive years has Corteva (CTVA) increased its dividend?

Corteva has increased its dividend for four consecutive years since its spin-off in 2019.

What does Corteva's dividend increase indicate about the company's performance?

The dividend increase indicates Corteva's focus on driving margin expansion, sustainable long-term growth, and its commitment to returning capital to shareholders.