Corteva Board Authorizes Share Repurchase Program; Initiates Quarterly Dividend

Corteva, Inc. (CTVA) said its Board has authorized a $1 billion share repurchase program which is expected to be completed in three years. Also, the company's Board authorized a common stock dividend of 13 cents per share, payable September 13, 2019, to the shareholders of record on July 31, 2019.

Corteva expects to pay common stock dividends on a quarterly basis. In the medium term, the company targets a dividend policy of 25 to 35 percent of annual net income.

Corteva Agriscience became an independent public company on June 1, 2019. It was previously the Agriculture Division of DowDuPont.

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