DowDuPont Board Declares Quarterly Dividend; Approves $4 Bln Share Buyback

(RTTNews) - DowDuPont Inc. (DWDP), a holding company formed through the merger of Dow Chemical Company and DuPont, said Thursday that its board of directors has declared a fourth-quarter dividend of $0.38 per share and also approved an initial $4 billion share repurchase program.

The dividend for the fourth quarter of 2017 will be payable on December 15, 2017, to shareholders of record on November 15, 2017. Meanwhile, the initial $4 billion share repurchase program has no expiration date.

"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. The Board considered many factors in making these decisions, following an approach that delivers benefits to both heritage Dow and DuPont shareholders," said Andrew Liveris, executive chairman of DowDuPont.