Home / Knowledge / News / Company / 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


Interviews View All

Spokesperson, Hugo Boss

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Headhonchos, Textiles & allied industry

Headhonchos
Textiles & allied industry

Textiles industry is always in the forefront in accepting latest technology

Ajay Ghariwala, Luthra Group

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Erwin Devloo,

Erwin Devloo

Picanol develops, produces and markets high-tech weaving machines, based...

Eric Fessler,

Eric Fessler

Manufacturer of textile machinery and complete fibre-to-yarn lines, N...

Mark Tokuhara,

Mark Tokuhara

Japan-based FitJoy, a shoe brand for women, has been in the footwear...

Sven Ghyselinck, Devan Chemical

Sven Ghyselinck
Devan Chemical

Headquartered in Belgium and with offices in the United Kingdom, Portugal...

Wolfgang Plasser, Lenzing AG

Wolfgang Plasser
Lenzing AG

The Lenzing Group is an international company headquartered in Austria...

S Ziya Gumuser, Teknomelt

S Ziya Gumuser
Teknomelt

Turkish nonwoven manufacturer Teknomelt has been around for only seven...

Samar Firdos, Arvind Ltd

Samar Firdos
Arvind Ltd

<b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...

Varsha Wadhwa, VW

Varsha Wadhwa
VW

Coming from a family that ran a business of jute and linen mills since...

Cigdem Akin, Cigdem Akin

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

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


October 2019

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

news category


Related Categories:

Follow us on instagram

Follow

Follow Fibre2Fashion On


Advanced Search