FOR IMMEDIATE RELEASE
AMERICAN VANGUARD DECLARES $0.03 SEMI-ANNUAL CASH DIVIDEND
Newport Beach, CA – March 11, 2011 – American Vanguard Corp. (NYSE:AVD) today announced that its Board of Directors has declared a cash dividend of $0.03 per share. The dividend will be distributed on April 15, 2011 to shareholders of record as of April 1, 2011.
Eric Wintemute, President and CEO of American Vanguard, stated, “We are pleased to declare this semi-annual dividend which continues our 16 year history of providing such returns to our shareholders. This dividend represents an increase over the prior payment, reflecting improving business conditions and our confidence in American Vanguard's ability to capitalize on market opportunities."
Historical Cash Dividends
Year April(1) October(1) Total(1)
2011 $0.030 $0.030
2010 $0.010 $0.020 $0.030
2009 $0.050 $0.010 $0.060
2008 $0.050 $0.030 $0.080
2007 $0.040 $0.030 $0.070
2006 $0.053 $0.030 $0.083
2005 $0.041 $0.023 $0.064
(1) As adjusted for stock splits.
About American Vanguard
American Vanguard Corporation is a diversified specialty and agricultural products company that develops and markets products for crop protection and management, turf and ornamentals management and public and animal health. American Vanguard is included on the Russell 2000® & Russell 3000® Indexes and the Standard & Poors 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. 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 in the Company’s SEC reports and filings. Any forward-looking statements in this release represent the Company’s best judgment as of the date of this release.
American Vanguard Corporation
William A. Kuser, Director of Investor Relations
The Equity Group Inc.
www.theequitygroup.com <http://www.theequitygroup.com />
Linda Latman (212) 836-9609