Corteva Inc. CTVA, -0.48% announced Friday that the board had authorized an increase of 7% in dividends to 16 cents per share. The agricultural chemical and seeds company announced that the dividend will be paid on September 15 to shareholders who were registered as of Sept. 1. Corteva said that the dividend increase is its third since it spun off from DowDupont in 2019. It was the result of “the company’s focus on driving sustainable long-term and margin growth.”