EX-99.1 2 dex991.htm PRESS RELEASE Press release

Exhibit 99.1

LOGO

FOR IMMEDIATE RELEASE

AMERICAN VANGUARD DECLARES $0.03 SEMIANNUAL CASH DIVIDEND BRINGING TOTAL DIVIDENDS FOR 2006 TO $0.083, AN INCREASE OF 30% OVER 2005 DIVIDENDS(1)

Newport Beach, CA – September 14, 2006 – American Vanguard Corp. (AMEX:AVD) today announced that its Board of Directors declared a cash dividend of $0.03 per share. The dividend will be distributed on October 13, 2006 to shareholders of record as of September 29, 2006.

Eric Wintemute, President and CEO of American Vanguard, stated, “We are pleased to declare this dividend, which reflects our confidence in American Vanguard’s long-term prospects as well as our continued commitment to share the Company’s profits with shareholders.”

Five-year Historical Cash Dividends

 

Year

    April(1)    October(1)    Total(1)

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

2002

    $ 0.017    $ 0.008    $ 0.025

 

(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. The Company’s basic strategy is to acquire brand name, niche product lines from larger companies that divest mature products to focus on newly discovered molecules. 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 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.

 

CONTACT:

   -OR-   AVD’S INVESTOR RELATIONS FIRM

American Vanguard Corporation

     The Equity Group Inc.

Eric G. Wintemute, President & CEO

     www.theequitygroup.com

(949) 260-1200

     Loren G. Mortman
    LMortman@equityny.com
    (212) 836-9604

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