Dow Chemical 2011 Annual Report Download - page 59

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25
The Dow Chemical Company and Subsidiaries
PART II, Item 5. Market for Registrant’s Common Equity,
Related Stockholder Matters and Issuer Purchases of Equity Securities.
MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER
PURCHASES OF EQUITY SECURITIES
The principal market for the Company’s common stock is the New York Stock Exchange, traded under the symbol “DOW.”
Quarterly market and dividend information can be found in Quarterly Statistics at the end of Part II, Item 8. Financial
Statements and Supplementary Data.
At December 31, 2011, there were 79,367 registered common stockholders. The Company estimates that there were an
additional 537,633 stockholders whose shares were held in nominee names at December 31, 2011. At January 31, 2012, there
were 79,114 registered common stockholders.
On December 15, 2011, the Board of Directors declared a quarterly dividend of $0.25 per share, payable January 30, 2012,
to stockholders of record on December 30, 2011. On February 9, 2012, the Board of Directors declared a quarterly dividend of
$0.25 per share, payable April 30, 2012, to stockholders of record on March 30, 2012. Since 1912, the Company has paid a
cash dividend every quarter and, in each instance prior to February 12, 2009, had maintained or increased the amount of the
dividend, adjusted for stock splits. During this 100-year period, Dow has increased the amount of the quarterly dividend
48 times (approximately 12 percent of the time), reduced the dividend once, and maintained the amount of the quarterly
dividend approximately 88 percent of the time. The dividend was reduced in February 2009, for the first time in the 100-year
period, due to uncertainty in the credit markets, unprecedented lower demand for chemical products and the ongoing global
recession. The Company declared dividends of $0.90 per share in 2011, $0.60 per share in 2010, and $0.60 per share in 2009.
See Part III, Item 11. Executive Compensation for information relating to the Company’s equity compensation plans.
The Company does not currently have a share repurchase program, and there were no purchases of the Company's
common stock by the Company during the three months ended December 31, 2011.