Corteva, Inc. (NYSE: CTVA) has announced a common stock dividend increase, demonstrating its commitment to shareholder value. The Board of Directors authorized a dividend of $0.17 per share, representing an annual increase of more than 6% over the company’s previous quarterly dividend. This marks Corteva’s fourth dividend increase since its 2019 spin-off and reflects its focus on driving margin expansion and sustainable growth. The dividend will be payable on September 17, 2024, to shareholders of record on September 3, 2024.
In related news, EIDP, Inc. (formerly known as E. I. du Pont de Nemours and Company), a wholly owned subsidiary of Corteva, Inc., has declared regular preferred stock dividends. The Board of Directors declared 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. These dividends will be payable on October 25, 2024, to EID stockholders of record on October 4, 2024.
Corteva is a global agriculture company focused on providing solutions for the world’s agricultural challenges. The company combines industry-leading innovation, customer engagement, and operational execution to deliver profitable solutions. Corteva’s unique distribution strategy, balanced mix of seed, crop protection, and digital products and services, and recognized brand names contribute to its market preference. The company is committed to maximizing productivity for farmers while enriching the lives of consumers and ensuring progress for future generations. More information about Corteva can be found at www.corteva.com.
