Dow Inc Stock Price, News & Analysis

Dow has declared a dividend of 70 cents per share, payable on September 10, 2021, to shareholders of record as of August 31, 2021. This marks the 440th consecutive dividend payment since 1912, highlighting the company’s commitment to return value to shareholders. Dow aims to become a leading sustainable materials science company and reported sales of approximately $39 billion in 2020, operating 106 manufacturing sites globally.

Dow has been recognized for the first time on Seramount's 2021 Inclusion Index, highlighting its commitment to diversity and inclusion. This index evaluates organizations on practices related to the recruitment and advancement of underrepresented groups, corporate culture, and demographic data. A total of 193 organizations participated, showcasing opportunities for better diversity strategies. Earlier this year, Dow was also included in the Great Place to Work® and Fortune 100 Best Companies to Work For® list and the Bloomberg Equality Index.

Siemens and Dow are collaborating to demonstrate advanced automation technologies at MxD, a leading manufacturing institute in Chicago. This test bed showcases how innovative software, IoT, and digital tools can enhance efficiency and safety in process industries. Featuring Siemens’ SIMATIC PCS neo system, the test bed enables remote operation and real-time collaboration, empowering workers with augmented reality tools. With a focus on digital transformation, this initiative aims to improve productivity and create safer work environments, which is increasingly crucial in light of ongoing digitalization trends driven by the pandemic.

Dow reported a strong second quarter with GAAP EPS of $2.51 and an operating EPS of $2.72, significantly improved from a loss of $0.26 a year ago. Net sales reached $13.9 billion, a 66% increase year-over-year, driven by a 53% rise in local prices amidst tight supply and demand. Operating EBIT rose to $2.8 billion, reflecting margin expansion across all segments. The company reduced gross debt by $1.1 billion and returned $722 million to shareholders via dividends and share buybacks. The outlook remains positive, anticipating continued earnings momentum as economic recovery unfolds.

Dow announced significant capacity expansions across its businesses to meet rising demand for sustainable solutions in various markets. Key investments include:

• Silicone materials for lighter vehicles.
• Increased production in Thailand for propylene glycol, boosting capacity by 80,000 tons yearly.
• A new MDI distillation and prepolymers facility in Texas to support polyurethane demand.

These projects align with Dow's commitment to innovative, high-performance materials and are expected to drive growth in critical sectors.

Dow Benelux has announced a roadmap to cut CO2 emissions by over 40% at its Terneuzen site by 2030, aiming for net CO2 neutrality by 2050. The plan includes a clean hydrogen plant expected to start up in 2026, which could reduce emissions by 1.4 million tons annually, equating to over 300,000 cars. The initiative will create 3,500 to 4,000 construction jobs and 400 to 500 permanent positions. By 2030, further CO2 capture is planned to avoid another 300,000 tons of emissions. Dow prioritizes sustainability while addressing climate change challenges.