Dow Outlines Investment Thesis and Capital Allocation Priorities During Meeting With Sell-Side Analysts

Intends to issue annual dividend payout of $2.1B and launch $3B open share repurchase program after separation – targeting shareholder remuneration of approximately 65% of operating net income across the cycle Reiterates commitment to deliver cost synergy savings and stranded cost removal – approximately $800 million remaining to deliver, of which 75% of those savings will be additive in 2019 versus 2018 Confirms near-term CapEx expenditures at or below depreciation and amortization – in th…

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Source: webwire
Dow Outlines Investment Thesis and Capital Allocation Priorities During Meeting With Sell-Side Analysts



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