MIDLAND, MI - The Dow Chemical Co. 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.