EXHIBIT 99.1
FOR IMMEDIATE RELEASE
AMERICAN VANGUARD DECLARES $0.03 SEMIANNUAL CASH DIVIDEND
Newport Beach, CA – September 15, 2008 – American Vanguard Corp. (NYSE:AVD) today announced that its Board of Directors declared a cash dividend of $0.030 per share. The dividend will be distributed on October 10, 2008 to shareholders of record as of September 26, 2008.
Eric Wintemute, President and CEO of American Vanguard, stated, “We are pleased to continue to declare semi-annual dividend. Our Board’s decision was based on our improved financial performance during the first half of fiscal 2008 and also long-term prospects for continued growth. We are committed to continue to share the Company’s performance with our shareholders.”
Six-year Historical Cash Dividends
| | | | | | | | | |
| Year | | April(1) | | October(1) | | Total(1) |
| 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 |
| 2004 | | $ | 0.030 | | $ | 0.019 | | $ | 0.049 |
| 2003 | | $ | 0.022 | | $ | 0.013 | | $ | 0.035 |
| (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® and Russell 3000® Indexes. To learn more about American Vanguard, please reference the Company’s web site atwww.american-vanguard.com.
The Company, from time to time, may discuss forward-looking information. Except for the historical information contained in the conference call referenced 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.
| | | | |
CONTACT: | | -OR- | | AVD’S INVESTOR RELATIONS FIRM |
American Vanguard Corporation | | | | The Equity Group Inc. |
William A. Kuser, Director of Investor Relations | | | | www.theequitygroup.com |
(949) 260-1200 | | | | Lena Cati (212) 836-9611 |
| williamk@amvac-chemical.com | | | | Lcati@equityny.com |
| | | | Linda Latman (212) 836-0609 |
| | | | Llatman@equityny.com |
####
