EX-99.2 3 dex992.htm PRESS RELEASE DATED MARCH 13, 2007 Press Release dated March 13, 2007

Exhibit 99.2

LOGO

FOR IMMEDIATE RELEASE

AMERICAN VANGUARD DECLARES $0.04 SEMIANNUAL CASH DIVIDEND

Newport Beach, CA – March 13, 2007 – American Vanguard Corp. (NYSE:AVD) today announced that its Board of Directors declared a cash dividend of $0.04 per share. The dividend will be distributed on April 13, 2007 to shareholders of record as of March 30, 2007.

Eric Wintemute, President and CEO of American Vanguard, stated, “This dividend represents our dedication to sharing profits with shareholders, and reflects management’s and the Board’s continued confidence in American Vanguard’s fundamentals and long-term business prospects.”

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

James A. Barry, CFO

       Loren G. Mortman

(949) 260-1200

       LMortman@equityny.com
      (212) 836-9604

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