Dow Inc. cuts dividend 50% to 35c per share

Dow announced that its Board of Directors has declared a dividend of 35c per share. The adjustment in payout size reflects Dow‘s balanced capital allocation approach and enhances financial flexibility amidst a persistently challenging macroeconomic environment. “Today’s announcement aims to ensure we maximize long-term shareholder value as we navigate a prolonged industry downturn and the resulting lower-for-longer earnings environment. With this adjustment, we are aligning the payout size to provide additional financial flexibility. Doing so ensures Dow’s ability to prioritize the highest return-generating opportunities, while maintaining a competitive dividend,” said Jim Fitterling, Dow chair and CEO. “Our capital allocation approach remains unchanged, and we are committed to delivering leading shareholder returns over the cycle. As the industry recovers, Dow is positioned to deliver profitable growth by unlocking the full benefit of our growth investments, improving margins, implementing our cost reduction initiatives, and further strengthening our competitive advantages.” The dividend is payable on September 12 to shareholders of record on August 29.