Dow Chemical: Investors Deserve Firm Dividend Guidance

The Dow Chemical Company (NYSE: DOW) has already announced $1.5B of debt reduction in Q1… how about that dividend? While I support these deleveraging moves 100%, I think we are at the stage where investors should be given some more firm dividend guidance. I know DOW was burned once before making such statements but saying “we are reviewing the dividend for a hike in 2011″ is a long way from “I will never cut the dividend”. There is a nice middle of the road here, it does not have to be all or nothing.The company announced that it is launching a cash tender offer for $750 MM of high coupon debt. This is the third in a series of debt reduction activities... Read more

Older articles featuring DOW: