Dow Announces $3B Share Repurchase ProgramApril 14, 2022
Dow Chemical Co. has announced a new share buyback program for the repurchase of up to US$3 billion of the company’s common stock.
Dow’s share repurchase program does not have an expiration date and is an addition to the company’s existing outstanding share program, which has approximately $775 million of authorization remaining that the company intends to repurchase by mid-2022.
In addition, Dow declared a quarterly dividend of $0.70 per share. The dividend is payable June 10 to Dow shareholders of record at the close of business on May 31. This marks the 443rd consecutive dividend paid by Dow or its affiliates since 1912.
“These actions reflect our continued focus to deliver leading cash flow generation and value growth as well as our ongoing commitment to disciplined and balanced capital allocation, where shareholder remuneration remains a key priority for Dow,” said Jim Fitterling, Dow chairman and CEO.
Dow Chemical Co. is a global science- and technology-based company that develops and manufactures a portfolio of chemical, plastic, and agricultural products and services. For more information, visit www.dow.com.