Dow Board of Directors Declares 28 Percent Dividend Increase from 25 Cents Per Share to 32 Cents Per Share for the Second Qua...
13 April 2012 - 8:00AM
UK Regulatory
TIDMDOW
The Dow Chemical Company (NYSE: DOW) announced today that its
Board of Directors has declared a 28 percent increase in the second
quarter dividend, from $0.25 per share to $0.32 per share.
"This increase demonstrates our Board's commitment to pursue a
dividend policy that is reflective of a growth company long-term,
and deploy cash against our three stated priorities - shareholder
remuneration, debt paydown and organic investments in our
portfolio," said Andrew N. Liveris, Dow's chairman and chief
executive officer. "Looking ahead, we are confident in our ability
to continue to achieve higher and more sustainable earnings, and
today's announcement demonstrates our commitment to increasingly
reward shareholders as we grow."
The dividend will be payable on July 30, 2012 to shareholders of
record on June 29, 2012. This will mark the 403th consecutive cash
dividend issued by the Company. Dow has paid its shareholders cash
dividends every quarter since 1912.
About Dow
Dow (NYSE: DOW) combines the power of science and technology to
passionately innovate what is essential to human progress. The
Company connects chemistry and innovation with the principles of
sustainability to help address many of the world's most challenging
problems such as the need for clean water, renewable energy
generation and conservation, and increasing agricultural
productivity. Dow's diversified industry-leading portfolio of
specialty chemical, advanced materials, agrosciences and plastics
businesses delivers a broad range of technology-based products and
solutions to customers in approximately 160 countries and in high
growth sectors such as electronics, water, energy, coatings and
agriculture. In 2011, Dow had annual sales of $60 billion and
employed approximately 52,000 people worldwide. The Company's more
than 5,000 products are manufactured at 197 sites in 36 countries
across the globe. References to "Dow" or the "Company" mean The Dow
Chemical Company and its consolidated subsidiaries unless otherwise
expressly noted. More information about Dow can be found at
www.dow.com.
Note: The forward-looking statements contained in this document
involve risks and uncertainties that may affect the Company's
operations, markets, products, services, prices and other factors
as discussed in filings with the Securities and Exchange
Commission. These risks and uncertainties include, but are not
limited to, economic, competitive, legal, governmental and
technological factors. Accordingly, there is no assurance that the
Company's expectations will be realized. The Company assumes no
obligation to provide revisions to any forward-looking statements
should circumstances change, except as otherwise required by
securities and other applicable laws.
For editorial information:
The Dow Chemical Company
Rebecca Bentley
989-638-8568
rmbentley@dow.com
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