Dow Chemical (DOW) Announces $1.5B Share Buyback Plan
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Price: $35.82 +2.05%
Overall Analyst Rating:
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Dividend Yield: 3.6%
Revenue Growth %: -2.2%
Overall Analyst Rating:
NEUTRAL (
Up)Dividend Yield: 3.6%
Revenue Growth %: -2.2%
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Dow Chemical Co. (NYSE: DOW) announced today that its board of directors has approved a share buy-back program, authorizing the repurchase of up to $1.5 billion of the Company's common stock. Purchases under this program may be made over time in open market or privately negotiated transactions.
"This repurchase program underscores the board's confidence in Dow’s earnings, cash flow and growth potential as we continue executing against our strategic agenda, and illustrates our ongoing commitment to increasingly reward shareholders,” said Andrew N. Liveris, Dow’s chairman and chief executive officer. “Going forward, our three priorities for uses of cash will remain consistent: further deleveraging, returning value to our shareholders and investing for attractive, high-margin organic growth in our downstream businesses."
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"This repurchase program underscores the board's confidence in Dow’s earnings, cash flow and growth potential as we continue executing against our strategic agenda, and illustrates our ongoing commitment to increasingly reward shareholders,” said Andrew N. Liveris, Dow’s chairman and chief executive officer. “Going forward, our three priorities for uses of cash will remain consistent: further deleveraging, returning value to our shareholders and investing for attractive, high-margin organic growth in our downstream businesses."
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