Dow Declares Quarterly Dividend of 15 Cents per Share
Responds Aggressively to Current Economic Environment and Business Uncertainties by Lowering Dividend
MIDLAND, Mich., Feb. 12 /PRNewswire-FirstCall/ -- The Dow Chemical Company
(NYSE: DOW), has declared a dividend of 15 cents per share, payable April 30,
2009, to shareholders of record on March 31, 2009.
In its decision to reduce Dow's quarterly dividend, the Company's Board of
Directors cited a confluence of factors, including uncertainty in the credit
markets, unprecedented lower demand for chemical products, the ongoing global
recession and pending business issues.
This is the 390th consecutive cash dividend issued by Dow. Since 1912, Dow
has paid its shareholders cash dividends every quarter.
About Dow
With annual sales of $58 billion and 46,000 employees worldwide, Dow is a
diversified chemical company that combines the power of science and technology
with the "Human Element" to constantly improve what is essential to human
progress. The Company delivers a broad range of products and services to
customers in around 160 countries, connecting chemistry and innovation with
the principles of sustainability to help provide everything from fresh water,
food and pharmaceuticals to paints, packaging and personal care products.
References to "Dow" or the "Company" mean The Dow Chemical Company and its
consolidated subsidiaries unless otherwise expressly noted. More information
about Dow can be found at www.dow.com .
