Exhibit 99.1
FOR IMMEDIATE RELEASE
AMERICAN VANGUARD DECLARES QUARTERLY DIVIDEND
Newport Beach, CA – September 12, 2023 – American Vanguard Corporation (NYSE: AVD) announced that its Board of Directors has declared a cash
dividend in the amount of $0.03 per share of the company’s common stock to shareholders of record as of September 22, 2023, for distribution on October 6, 2023.
Chairman and CEO, Eric W. Wintemute commented, “This dividend payment continues our history of providing cash returns to shareholders and reflects the
confidence that the Board of Directors has in our core business and the substantial prospects of our strategic growth initiatives. We appreciate the continuing support of our shareholders, as we develop and deliver important solutions that enhance
agricultural productivity, safeguard public health, and facilitate environmental sustainability.”
Annual Cash Dividend
Payments: Based on Date of Cash Distribution
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| 2023 - - Payments (including pending) |
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$ |
0.120 |
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| 2022 - - Full Calendar Year |
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$ |
0.095 |
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| 2021 - - Full Calendar Year |
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$ |
0.080 |
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| 2020 - - Full Calendar Year - (Pandemic Impacted) |
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$ |
0.040 |
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| 2019 - - Full Calendar Year |
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$ |
0.080 |
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| 2018 - - Full Calendar Year |
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$ |
0.075 |
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About American Vanguard
American Vanguard Corporation is a diversified specialty and agricultural products company that develops, manufactures, and markets solutions for crop
protection and nutrition, turf and ornamentals management, commercial and consumer pest control. Over the past 20 years, through product and business acquisitions, the Company has expanded its operations into 17 countries and now has over 1,000
product registrations in 56 nations worldwide. Its strategy rests on three growth initiatives – i) Core Business (through innovation of conventional products), ii) Green Solutions (with over 130 biorational products – including
fertilizers, microbials, nutritionals and non-conventional products) and iii) Precision Agriculture innovation (including SIMPAS prescriptive application and Ultimus measure/record/verify technologies).
American Vanguard is included on the Russell 2000® and Russell 3000® Indexes and the Standard & Poor’s Small Cap 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. Except for the historical information contained in this release, all forward-looking statements 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 from
time-to-time 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.
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| Company Contact: |
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Investor Representative |
| American Vanguard Corporation |
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The Equity Group Inc. |
| William A. Kuser, Director of Investor Relations |
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www.theequitygroup.com |
| (949) 260-1200 |
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Lena Cati / 212-836-9611 |
| williamk@amvac.com |
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Lcati@equityny.com |