Dow declares quarterly dividend of 35 cents per share

Rhea-AI Summary

Dow (NYSE: DOW) has announced a significant dividend adjustment, reducing its quarterly dividend by 50% to 35 cents per share. The decision comes in response to a prolonged industry downturn and challenging macroeconomic conditions.

CEO Jim Fitterling emphasized that this adjustment aims to enhance financial flexibility while maintaining a competitive dividend policy. The company's capital allocation strategy remains focused on prioritizing high-return opportunities and delivering long-term shareholder value. The dividend will be paid on September 12, 2025, to shareholders of record as of August 29, 2025, marking the company's 456th consecutive dividend payment since 1912.

Positive

• Maintains 456-quarter consecutive dividend payment streak since 1912
• Enhanced financial flexibility for high-return opportunities
• Continued commitment to competitive dividend policy
• Strategic cost reduction initiatives in place

Negative

• 50% reduction in quarterly dividend payout
• Prolonged industry downturn affecting earnings
• Challenging macroeconomic environment impacting operations
• Lower-for-longer earnings environment expected

News Market Reaction

-17.45% 4.4x vol

193 alerts

-17.45% News Effect

-15.2% Trough in 9 hr 18 min

-$4.54B Valuation Impact

$21.47B Market Cap

4.4x Rel. Volume

On the day this news was published, DOW declined 17.45%, reflecting a significant negative market reaction. Argus tracked a trough of -15.2% from its starting point during tracking. Our momentum scanner triggered 193 alerts that day, indicating very high trading interest and price volatility. This price movement removed approximately $4.54B from the company's valuation, bringing the market cap to $21.47B at that time. Trading volume was very high at 4.4x the daily average, suggesting heavy selling pressure.

Data tracked by StockTitan Argus on the day of publication.

• Adjusting dividend by 50% in response to prolonged industry downturn
• Aligning payout size to ensure capital allocation flexibility and a balanced framework that enables higher returns for shareholders
• The Company continues to target a competitive dividend across the economic cycle 

MIDLAND, Mich., July 24, 2025 /PRNewswire/ -- Dow (NYSE: DOW) today announced that its Board of Directors has declared a dividend of 35 cents per share. The adjustment in payout size reflects Dow's balanced capital allocation approach and enhances financial flexibility amidst a persistently challenging macroeconomic environment.

"Today's announcement aims to ensure we maximize long-term shareholder value as we navigate a prolonged industry downturn and the resulting lower-for-longer earnings environment. With this adjustment, we are aligning the payout size to provide additional financial flexibility. Doing so ensures Dow's ability to prioritize the highest return-generating opportunities, while maintaining a competitive dividend," said Jim Fitterling, Dow chair and CEO. "Our capital allocation approach remains unchanged, and we are committed to delivering leading shareholder returns over the cycle. As the industry recovers, Dow is positioned to deliver profitable growth by unlocking the full benefit of our growth investments, improving margins, implementing our cost reduction initiatives, and further strengthening our competitive advantages." 

The dividend is payable on September 12, 2025, to shareholders of record on August 29, 2025. This marks the 456th consecutive dividend paid by the Company or its affiliates since 1912.

About Dow
Dow (NYSE: DOW) is one of the world's leading materials science companies, serving customers in high-growth markets such as packaging, infrastructure, mobility and consumer applications. Our global breadth, asset integration and scale, focused innovation, leading business positions and commitment to sustainability enable us to achieve profitable growth and help deliver a sustainable future. We operate manufacturing sites in 30 countries and employ approximately 36,000 people. Dow delivered sales of approximately $43 billion in 2024. References to Dow or the Company mean Dow Inc. and its subsidiaries. Learn more about us and our ambition to be the most innovative, customer-centric, inclusive and sustainable materials science company in the world by visiting www.dow.com.

For further information, please contact:

Investors: Andrew Riker ajriker@dow.com

Media: Sarah Young syoung3@dow.com

X: https://twitter.com/DowNewsroom 
Facebook: https://www.facebook.com/dow/ 
LinkedIn: http://www.linkedin.com/company/dow-chemical 
Instagram: http://instagram.com/dow_official 

Cautionary Statement about Forward-Looking Statements 

Certain statements in this press release are "forward-looking statements" within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements often address expected future business and financial performance, financial condition, and other matters, and often contain words or phrases such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "opportunity," "outlook," "plan," "project," "seek," "should," "strategy," "target," "will," "will be," "will continue," "will likely result," "would" and similar expressions, and variations or negatives of these words or phrases.

Forward-looking statements are based on current assumptions and expectations of future events that are subject to risks, uncertainties and other factors that are beyond Dow's control, which may cause actual results to differ materially from those projected, anticipated or implied in the forward-looking statements and speak only as of the date the statements were made. These factors include, but are not limited to: sales of Dow's products; Dow's expenses, future revenues and profitability; any sanctions, export restrictions, supply chain disruptions or increased economic uncertainty related to the ongoing conflicts between Russia and Ukraine and in the Middle East; capital requirements and need for and availability of financing; unexpected barriers in the development of technology, including with respect to Dow's contemplated capital and operating projects; Dow's ability to realize its commitment to carbon neutrality on the contemplated timeframe, including the completion and success of its integrated ethylene cracker and derivatives facility in Alberta, Canada; size of the markets for Dow's products and services and ability to compete in such markets; Dow's ability to develop and market new products and optimally manage product life cycles; the rate and degree of market acceptance of Dow's products; significant litigation and environmental matters and related contingencies and unexpected expenses; the success of competing technologies that are or may become available; the ability to protect Dow's intellectual property in the United States and abroad; developments related to contemplated restructuring activities and proposed divestitures or acquisitions such as workforce reduction, manufacturing facility and/or asset closure and related exit and disposal activities, and the benefits and costs associated with each of the foregoing; fluctuations in energy and raw material prices; management of process safety and product stewardship; changes in relationships with Dow's significant customers and suppliers; changes in public sentiment and political leadership; increased concerns about plastics in the environment and lack of a circular economy for plastics at scale; changes in consumer preferences and demand; changes in laws and regulations, political conditions, tariffs and trade policies, or industry development; global economic and capital markets conditions, such as inflation, market uncertainty, interest and currency exchange rates, and equity and commodity prices; business, logistics, and supply disruptions; security threats, such as acts of sabotage, terrorism or war, including the ongoing conflicts between Russia and Ukraine and in the Middle East; weather events and natural disasters; disruptions in Dow's information technology networks and systems, including the impact of cyberattacks; risks related to Dow's separation from DowDuPont Inc. such as Dow's obligation to indemnify DuPont de Nemours, Inc. and/or Corteva, Inc. for certain liabilities; and any global and regional economic impacts of a pandemic or other public health-related risks and events on Dow's business.

Where, in any forward-looking statement, an expectation or belief as to future results or events is expressed, such expectation or belief is based on the current plans and expectations of management and expressed in good faith and believed to have a reasonable basis, but there can be no assurance that the expectation or belief will result or be achieved or accomplished. A detailed discussion of principal risks and uncertainties which may cause actual results and events to differ materially from such forward-looking statements is included in the section titled "Risk Factors" contained in the Company's Annual Report on Form 10-K for the year ended December 31, 2024, and the Company's subsequent Quarterly Reports on Form 10-Q. These are not the only risks and uncertainties that Dow faces. There may be other risks and uncertainties that Dow is unable to identify at this time or that Dow does not currently expect to have a material impact on its business. If any of those risks or uncertainties develops into an actual event, it could have a material adverse effect on Dow's business. Dow Inc. and The Dow Chemical Company and its consolidated subsidiaries assume no obligation to update or revise publicly any forward-looking statements whether because of new information, future events, or otherwise, except as required by securities and other applicable laws.

^®TM Trademark of The Dow Chemical Company or an affiliated company of Dow

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SOURCE The Dow Chemical Company

FAQ

What is Dow's (NYSE: DOW) new quarterly dividend amount for 2025?

Dow announced a quarterly dividend of 35 cents per share, representing a 50% reduction from previous levels.

When will Dow's (DOW) next dividend be paid?

The dividend will be paid on September 12, 2025, to shareholders of record as of August 29, 2025.

Why did Dow reduce its dividend in 2025?

Dow reduced its dividend due to a prolonged industry downturn and challenging macroeconomic environment, aiming to enhance financial flexibility and maintain a balanced capital allocation framework.

How long has Dow been paying dividends?

Dow has maintained 456 consecutive dividend payments since 1912, spanning over 110 years of consistent shareholder distributions.

What is Dow's strategy to improve performance during the industry downturn?

Dow plans to focus on unlocking growth investments, improving margins, implementing cost reduction initiatives, and strengthening competitive advantages.