Home / Knowledge / News / Textiles / Dow Chemical expands share repurchase program to $4.5bn
Dow Chemical expands share repurchase program to $4.5bn
Jan '14
The Dow Chemical Company announced that its Board of Directors has declared a 15 percent increase in the first quarter dividend, from $0.32 per share to $0.37 per share. In line with its stated priorities, the Company also announced that it has expanded its authorized share buy-back program to $4.5 billion from $1.5 billion of common stock to be completed in 2014.

Collectively, the increase to Dow’s dividend and expansion of its stock repurchase objectives represent the latest in a series of strategic actions aligned to the Company’s previously-communicated plans to consistently and increasingly remunerate shareholders through ongoing earnings growth.

“The Board’s actions today finalize a decision that it has been reviewing on an ongoing basis with particular focus over the last several quarters. The 15 percent dividend increase and the $4.5 billion share repurchase authorization reflect our confidence in Dow's performance and successful strategy to operate in uncertain macro environments. This strategy focuses on our integrated portfolio, with strict productivity metrics and disciplined capital allocation priorities,” said Andrew N. Liveris, Dow’s chairman and chief executive officer.

“We continue to control operating costs and carefully invest in our integrated business value chains to grow in select higher-margin end-use markets. At the same time, Dow’s financial performance and the significant progress we have made on our balance sheet give us both the confidence and the flexibility to increase our dividend and accelerate our share repurchase program. We are creating significant shareholder value – which always has been and always will be the Board’s and management’s top priority.”

The dividend will be payable on April 30, 2014 to shareholders of record on March 31, 2014. This will mark the 410th consecutive cash dividend issued by the Company. Dow has paid its shareholders cash dividends every quarter since 1912. Purchases under the shareholder repurchase program may be made over time in open market or privately negotiated transactions.

About Dow

Dow combines the power of science and technology to passionately innovate what is essential to human progress. The Company is driving innovations that extract value from the intersection of chemical, physical and biological sciences to help address many of the world's most challenging problems such as the need for clean water, clean energy generation and conservation, and increasing agricultural productivity.

Dow Chemical Company

Must ReadView All

Apparel/Garments | On 21st Oct 2016

China’s garment retail sales grow 7.2% in Jan-Sept ’16

Retail sales of garments, footwear, hats and knitwear of Chinese...

Mike Preston, executive director of the Arkansas Economic Development Commission (AEDC), signing MoU with Tang from Suzhou Tianyuan Garments company. Courtesy: Government of Arkansas

Apparel/Garments | On 21st Oct 2016

Suzhou Tianyuan to open $20 mn garment factory in US

Suzhou Tianyuan Garments company, a Chinese manufacturer of casual...

Textiles | On 21st Oct 2016

Pakistan’s textile exports fall 5.96% y-o-y in Q1 FY17

The value of textile and garment exports made by Pakistan decreased...

Interviews View All

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search