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Dow increases dividend
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; j' A8 G) M' w8 PMonday, April 16, 2012/ J/ t& i0 ^+ g' j# M2 b! g2 s( d8 Q
9 R8 c7 p+ {; a. X1 ^Midland, MI - Dow Chemical declared a 28% 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. |
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