DowDuPont has declared a fourth quarter dividend of 38 cents per share and a $4 billion share repurchase program.
“Rewarding our owners over both the near- and long-term has been a top priority for both legacy companies, and it remains so for DowDuPont,” said Andrew Liveris, executive chairman of DowDuPont. “The Board considered many factors in making these decisions, following an approach that delivers benefits to both heritage Dow and DuPont shareholders.”
This cash dividend is the first since the completed merger of Dow and DuPont.
“We’re committed to returning cash to shareholders consistent with the heritage of both Dow and DuPont, and to preserving the financial flexibility to achieve the target capital structures to support the strong independent companies we intend to create,” said Ed Breen, chief executive officer of DowDuPont.
The repurchase program allows shares to be purchased periodically based on market price, general economic conditions and other business considerations.
