MOSCOW (MRC) -- The Dow Chemical Company, the largest US chemical maker by sales, has declared a dividend of 32 cents per share, payable 30 January, 2014, to shareholders of record on 31 Decenber, 2013, as per the company's statement.
This marks the 409th consecutive cash dividend issued by the company. Dow has paid its shareholders cash dividends every quarter since 1912.
As MRC reported before, earlier this month, Dow Chemical unveiled its plans to separate chlorine-related assets including its epoxy business as the company focuses on higher-margin activities. Dow forecasts USD3 billion to USD4 billion from asset sales in the following 18 to 24 months.
The Dow Chemical Company is an American multinational chemical corporation headquartered in Midland, Michigan, United States. Dow is a large producer of plastics, including polystyrene (PS), polyurethane, polyethylene (PE), polypropylene (PP), and synthetic rubber. In 2012, Dow had annual sales of approximately USD57 billion. The сompany's more than 5,000 products are manufactured at 188 sites in 36 countries across the globe.
MRC