Dow declares quarterly dividend of 70 cents per share

Rhea-AI Summary

Dow (DOW) announces a dividend of 70 cents per share, continuing its streak of 450 consecutive dividends since 1912, payable on March 8, 2024.

Financial Analyst

The declaration of Dow's 450th consecutive dividend is a testament to the company's financial stability and commitment to shareholder returns. A dividend payout, especially one that has been consistent over such an extended period, is often indicative of a mature company with a steady cash flow. From a financial perspective, this could signify that Dow is prioritizing shareholder value and has a disciplined approach to capital allocation.

However, it's crucial to analyze the dividend yield, which is the dividend per share divided by the share price. A higher yield can be attractive to income-focused investors, but it's important to assess whether this yield is sustainable in the long term. Additionally, investors should consider the payout ratio, which is the proportion of earnings paid out as dividends. A payout ratio that is too high could suggest that the company is not reinvesting enough back into the business for growth.

Market Research Analyst

The announcement of the dividend can impact Dow's stock market performance, as dividends are often seen as a signal of a company's health. Investors might interpret the continuation of a long-standing dividend as a positive indicator of the company's future prospects. It is also noteworthy that Dow has maintained its dividend through various economic cycles, which could reassure investors of its resilience in the face of market volatility.

However, it's essential to contextualize this dividend announcement within the broader chemical industry. Factors such as raw material costs, international trade policies and environmental regulations can significantly impact Dow's operations and, consequently, its ability to maintain dividend payments. Comparing Dow's dividend history and yield to its peers can provide a more nuanced understanding of its market position.

MIDLAND, Mich., Feb. 15, 2024 /PRNewswire/ -- Dow (NYSE: DOW) has declared a dividend of 70 cents per share, payable March 8, 2024, to shareholders of record on February 29, 2024.

This marks the 450th 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 31 countries and employ approximately 35,900 people. Dow delivered sales of approximately $45 billion in 2023. 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:	Media:
Pankaj Gupta	Sarah Young
+1 989-638-5265	+1 989-638-6871
pgupta@dow.com	syoung3@dow.com

Twitter: 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," "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 global and regional economic impacts of a pandemic or other public health-related risks and events on Dow's business; 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; failure 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 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 or 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; and 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.

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, 2023 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 ("TDCC") 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 ("Dow") or an affiliated company of Dow                 

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SOURCE The Dow Chemical Company

What dividend has Dow (DOW) declared?

Dow (DOW) has declared a dividend of 70 cents per share.

When is the dividend payable to shareholders of Dow (DOW)?

The dividend is payable on March 8, 2024, to shareholders of record on February 29, 2024.

How many consecutive dividends has Dow (DOW) paid since 1912?

Dow (DOW) has paid 450 consecutive dividends since 1912.