INDIANAPOLIS, July 21,
2023 /PRNewswire/ -- Corteva, Inc. (NYSE: CTVA) today
announced its Board of Directors has authorized a common stock
dividend of $0.16 cents per share,
representing an annualized increase of approximately 7% over the
Company's previous quarterly dividend and payable September 15, 2023, to the Company's shareholders
of record on September 1, 2023. This
is the Corteva's third 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. This announcement reflects the
Company'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, 2023, to EID
stockholders of record on October 6,
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.
Follow Corteva on Facebook, Instagram, LinkedIn, Twitter and
YouTube.
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.