AABP EP Awards 728x90

Corteva stock up 2.6% with $1B stock repurchase

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Corteva Agriscience’s shares have jumped 2.6 percent after the company on Wednesday announced a $1 billion share repurchase program over the next three years. The company also approved its first dividend, 13 cents per share, since it spun off from Dow DuPont. “Collectively, these actions underscore the Board’s confidence in our growth strategy and further reinforce our commitment to building a shareholder-friendly company,”  CEO James Collins said in a statement. “The initiation of a quarterly common stock dividend signifies an important next step in this commitment and our focus on consistently and continuously returning excess cash to shareholders.”