Corteva Increases Quarterly Dividend for Fourth Consecutive Year
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.
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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.
Details
News Market Reaction – CTVA
The recorded move for CTVA in the trading session of this news was +0.13%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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
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.
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