MIDLAND, Mich.--(BUSINESS WIRE)--
Dow (NYSE: DOW) has declared a dividend of 70 cents per share, payable
June 14, 2019, to shareholders of record on May 31, 2019.
Consistent with Dow’s capital allocation priorities, this payout
reaffirms the Company’s focus on exercising capital discipline and
delivering solid shareholder returns. In addition, it establishes Dow
with an industry-leading dividend payout.
This marks the first cash dividend issued by Dow following its
separation from DowDuPont on April 1, 2019. Including the period while
Dow and DuPont were merged, this dividend payment marks the 431st
consecutive quarterly cash dividend paid by Dow, dating back to 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/20190411005817/en/
Investors:
Neal Sheorey
+1 989-636-6347
nrsheorey@dow.com
Media:
Rachelle Schikorra
+1 989 638-4090
ryschikorra@dow.com
Source: Dow