FutureFuel Corp. (NYSE: FF) reduced its quarterly dividend to $0.01 per share effective for the second quarter of 2026, according to a company statement. The dividend was declared with a record date of June 4, 2026, and a payment date of June 18, 2026.

The company plans to redirect capital previously allocated to dividends toward growth opportunities and share repurchases. FutureFuel reaffirmed its $25 million share buyback authorization and stated it intends to actively purchase its own stock, subject to market conditions.

The board of directors indicated the company will use the reallocated capital to fund projects aimed at expanding capacity, commercializing new products, and capitalizing on the reshoring of specialty chemicals and advanced materials manufacturing to the United States. The board expects these investments to improve margins and accelerate growth in the company's chemicals segment.

FutureFuel manufactures diversified chemical products and biofuels. The company's chemicals segment produces specialty chemicals for specific customers and multi-customer specialty chemicals. Its custom manufacturing portfolio includes agrochemicals, adhesion promoters, a biocide intermediate, and an antioxidant precursor. The performance chemicals division offers nylon and polyester polymer modifiers and specialty chemicals for various applications. The biofuels segment primarily produces and sells biodiesel.