Dow declares quarterly dividend of 70 cents per share
August 15 2019 - 4:15PM
Business Wire
Dow (NYSE: DOW) has declared a dividend of 70 cents per share,
payable September 13, 2019, to shareholders of record on August 30,
2019.
This marks the 432nd consecutive dividend paid by the Company or
its affiliates since 1912.
About Dow
Dow (NYSE: DOW) combines one of the broadest technology sets in
the industry with asset integration, focused innovation and global
scale to achieve profitable growth and become the most innovative,
customer centric, inclusive and sustainable materials science
company. Dow’s portfolio of performance materials, industrial
intermediates and plastics businesses delivers a broad range of
differentiated science-based products and solutions for our
customers in high-growth segments, such as packaging,
infrastructure and consumer care. Dow operates 113 manufacturing
sites in 31 countries and employs approximately 37,000 people. Dow
delivered pro forma sales of approximately $50 billion in 2018.
References to Dow or the Company mean Dow Inc. and its
subsidiaries. For more information, please visit www.dow.com or
follow @DowNewsroom on Twitter.
Cautionary Statement About Forward-Looking Statements
This presentation contains “forward-looking statements” within
the meaning of the federal securities laws, including Section 27A
of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. In this context,
forward-looking statements often address expected future business
and financial performance, financial condition, and other matters,
and often contain words such as “believe,” “expect,” “anticipate,”
“project,” “estimate,” “intend,” “may,” “opportunity,” “outlook,”
“plan,” “seek,” “should,” “strategy,” “will,” “will be,” “will
continue,” “will likely result,” “would,” “target” and similar
expressions, and variations or negatives of these words.
Forward-looking statements are based on current expectations and
assumptions that are subject to risks and uncertainties which may
cause actual results to differ materially from the forward-looking
statements.
Forward-looking statements include, but are not limited to,
expectations as to future sales of Dow’s products; the ability to
protect Dow’s intellectual property in the United States and
abroad; estimates regarding Dow’s capital requirements and need for
and availability of financing; estimates of Dow’s expenses, future
revenues and profitability; estimates of the size of the markets
for Dow’s products and services and Dow’s ability to compete in
such markets; expectations related to the rate and degree of market
acceptance of Dow’s products; the outcome of certain Dow
contingencies, such as litigation and environmental matters;
estimates of the success of competing technologies that may become
available and expectations regarding the separations and
distributions and the benefits and costs associated with each of
the foregoing.
Forward-looking statements by their nature address matters that
are, to different degrees, uncertain. Forward-looking statements
are based on certain assumptions and expectations of future events
which may not be realized and speak only as of the date the
statements were made. In addition, forward-looking statements also
involve risks, uncertainties and other factors that are beyond
Dow’s control that could cause Dow’s actual results to differ
materially from those projected, anticipated or implied in the
forward-looking statements. These factors include, but are not
limited to: fluctuations in energy and raw material prices; failure
to develop and market new products and optimally manage product
life cycles; significant litigation and environmental matters;
failure to appropriately manage process safety and product
stewardship issues; changes in laws and regulations or political
conditions; global economic and capital markets conditions, such as
inflation, market uncertainty, interest and currency exchange
rates, and equity and commodity prices; business or supply
disruptions; security threats, such as acts of sabotage, terrorism
or war, weather events and natural disasters; ability to protect,
defend and enforce Dow’s intellectual property rights; increased
competition; changes in relationships with Dow’s significant
customers and suppliers; unanticipated expenses such as litigation
or legal settlement expenses; unanticipated business disruptions;
Dow’s ability to predict, identify and interpret changes in
consumer preferences and demand; Dow’s ability to complete proposed
divestitures or acquisitions; Dow’s ability to realize the expected
benefits of acquisitions if they are completed; the availability of
financing to Dow in the future and the terms and conditions of such
financing; and disruptions in Dow’s information technology networks
and systems. Additionally, there may be other risks and
uncertainties that Dow is unable to identify at this time or that
Dow does not currently expect to have a material impact on its
business.
Risks related to our separation from DowDuPont, Inc. and to
achieving the anticipated benefits thereof include, but are not
limited to, a number of conditions which could delay, prevent or
otherwise adversely affect the separations and distributions
including risks outside the control of Dow including risks related
to (i) our inability to achieve some or all of the benefits that we
expect to receive from the separations and distributions, (ii)
certain tax risks associated with the separations and
distributions, (iii) our inability to make necessary changes to
operate as a stand-alone company following the separations and
distributions, (iv) the failure of our pro forma financial
information to be a reliable indicator of our future results, (v)
our inability to enjoy the same benefits of diversity, leverage and
market reputation that we enjoyed as a combined company, (vi)
restrictions under the intellectual property cross-license
agreements, (vii) our inability to receive third-party consents
required under the separation agreement, (viii) our customers,
suppliers and others' perception of our financial stability on a
stand-alone basis, (ix) non-compete restrictions under the
separation agreement, (x) receipt of less favorable terms in the
commercial agreements we will enter into with DuPont and Corteva
than we would have received from an unaffiliated third party and
(xi) our indemnification of DuPont and/or Corteva for certain
liabilities.
Where, in any forward-looking statement, an expectation or
belief as to future results or events is expressed, such
expectation or belief is based on the current plans and
expectations of management and expressed in good faith and believed
to have a reasonable basis, but there can be no assurance that the
expectation or belief will result or be achieved or accomplished.
For a more detailed discussion of Dow’s risks and uncertainties,
see the “Risk Factors” contained in Dow’s registration statement on
Form 10, as amended, filed with the Securities and Exchange
Commission.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190815005640/en/
Investors: Neal Sheorey +1 989-636-6347
nrsheorey@dow.com
Media: Kyle Bandlow +1 989-636-9074 kbandlow@dow.com
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