On April 2nd, 2019 DowDuPont completed its separation of New Dow, or Dow Inc. (DOW) - Get Report , from the enterprise through a one-for-three spinoff, leaving Corteva Agriscience and New DuPont as the remaining entities within DowDuPont. Next, DowDuPont expects to complete the separation of Corteva Agriscience on June 1st, 2019.
Dow Inc. will consist of three major Segments: Performance Materials and Coating; industrial Intermediates and Infrastructure; and Packaging and Specialty Products.
"Today marks the beginning of a new and exciting chapter for Dow," said CEO Jim Fitterling. "The changes we have made to Dow's portfolio, cost structure and mindset are significant. The new Dow is a more focused and streamlined company with a clear playbook to deliver long-term earnings growth and value creation for all stakeholders."
The spin off is significant for investors even if they are not invested in either of the companies. As Jeff Marks, Senior Portfolio Analyst for ActionAlertsPLUS, points out, "it is a brand-new stock in the Dow Jones Industrial Average, so if you keep a close eye on the Index you must stay close to New Dow."