This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Dow Board Of Directors Declares 15 Percent Dividend Increase And Expands Share Repurchase Program To $4.5 Billion To Be Completed In 2014

The Dow Chemical Company (NYSE: DOW) announced today that its Board of Directors has declared a 15 percent increase in the first quarter dividend, from $0.32 per share to $0.37 per share. In line with its stated priorities, the Company also announced that it has expanded its authorized share buy-back program to $4.5 billion from $1.5 billion of common stock to be completed in 2014.

Collectively, the increase to Dow’s dividend and expansion of its stock repurchase objectives represent the latest in a series of strategic actions aligned to the Company’s previously-communicated plans to consistently and increasingly remunerate shareholders through ongoing earnings growth.

“The Board’s actions today finalize a decision that it has been reviewing on an ongoing basis with particular focus over the last several quarters. The 15 percent dividend increase and the $4.5 billion share repurchase authorization reflect our confidence in Dow's performance and successful strategy to operate in uncertain macro environments. This strategy focuses on our integrated portfolio, with strict productivity metrics and disciplined capital allocation priorities,” said Andrew N. Liveris, Dow’s chairman and chief executive officer.

“We continue to control operating costs and carefully invest in our integrated business value chains to grow in select higher-margin end-use markets. At the same time, Dow’s financial performance and the significant progress we have made on our balance sheet give us both the confidence and the flexibility to increase our dividend and accelerate our share repurchase program. We are creating significant shareholder value – which always has been and always will be the Board’s and management’s top priority.”

The dividend will be payable on April 30, 2014 to shareholders of record on March 31, 2014. This will mark the 410th consecutive cash dividend issued by the Company. Dow has paid its shareholders cash dividends every quarter since 1912. Purchases under the shareholder repurchase program may be made over time in open market or privately negotiated transactions.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,132.70 -81.72 -0.45%
S&P 500 2,104.50 -6.24 -0.30%
NASDAQ 4,963.5270 -24.3630 -0.49%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs