Home / Knowledge / News / Textiles / Dow hikes Q4 dividend & adds $5bn to repurchase program
Dow hikes Q4 dividend & adds $5bn to repurchase program
17
Nov '14
NYSE listed, Dow Chemical Company announced a 14 per cent increase in the Company’s dividend and also initiated a new $5 billion tranche to its share repurchase program.

Dow said it has hiked dividend from $0.37 per share to $0.42 per share in the fourth quarter, which brings its annualized dividend to $1.68 per share.

“Purchases under the share repurchase program may be made over time in open market or privately negotiated transactions,” Dow informed.

Earlier, Dow had committed to complete its previous $4.5 billion share repurchase program by year-end.

This new tranche brings Dow’s total target to $9.5 billion, with execution timed to proceeds from portfolio management actions and increases in operating cash flows.

“Today’s announcement serves as a firm indication of our Board’s confidence in Dow’s fortified balance sheet position and future earnings potential,” said Andrew Liveris, Dow’s chairman.

“The actions we are taking are evident by eight consecutive quarters of year-over-year adjusted EPS, EBITDA and EBITDA margin growth and significant increases in cash flow,” he added.

The dividend will be payable on January 30, 2015 to shareholders of record on December 31, 2014 and marks the 413th consecutive cash dividend issued by the Company.

Dow has paid its shareholders cash dividends every quarter since 1912 and since 2009; Dow’s dividend has increased by 19 percent on a compound basis.

In 2013, Dow had annual sales of more than $57 billion and employed approximately 53,000 people worldwide and its more than 6,000 products are manufactured at 201 sites in 36 countries. (AR)

Fibre2fashion News Desk - India


Must ReadView All

US holiday retail sales grew 2.9% to $707.5 bn in 2018

Apparel/Garments | On 19th Feb 2019

US holiday retail sales grew 2.9% to $707.5 bn in 2018

Holiday retail sales during 2018 in US grew a lower-than-expected 2.9 ...

Courtesy: Medio banca

Fashion | On 19th Feb 2019

6.6% average annual sales growth in Italy's fashion sector

The Italian fashion sector accounted for 1.3 per cent of its economy...

Boosting yarn production can revitalise Bangla silk sector

Textiles | On 19th Feb 2019

Boosting yarn production can revitalise Bangla silk sector

Boosting yarn production in Bangladesh could help revitalise the silk ...

Interviews View All

Jim Desai, Blaiva Fabricaa

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Sachin Sharma, Gem Enviro Management Pvt Ltd

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Top executives, Indian retail players

Top executives
Indian retail players

Walmart's acquisition of Flipkart endorses the humongous opportunities in...

Sugandha Bhardwaj,

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Nitesh Mittal,

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Erik Sy,

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Eamonn Tighe, Nature Works LLC

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Robert Erichsen, Statex Produktions & Vertriebs GmbH

Robert Erichsen
Statex Produktions & Vertriebs GmbH

Statex Produktions &amp; Vertriebs Gmbh, founded in 1978 and headquartered ...

Paige Mullis, Glen Raven Inc

Paige Mullis
Glen Raven Inc

Paige Mullis discusses the expansion plans of Glen Raven Inc in India, and ...

Jay Ramrakhiani, Occasions Elegance Wear

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Sanjukta Dutta, Sanjukta's Studio

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Akta Adani, India Boulevard

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


February 2019

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

news category


Related Categories:

Advanced Search