Dow Chemical 2012 Annual Report Download - page 52

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26
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, 2012, there were 74,786 registered common stockholders. The Company estimates that there were an
additional 503,671 stockholders whose shares were held in nominee names at December 31, 2012. At January 31, 2013, there
were 74,426 registered common stockholders.
On December 13, 2012, the Board of Directors declared a quarterly dividend of $0.32 per share, payable December 31,
2012, to stockholders of record on December 24, 2012. On February 13, 2013, the Board of Directors declared a quarterly
dividend of $0.32 per share, payable April 30, 2013, to stockholders of record on March 28, 2013. 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 101-year period, Dow has increased the amount of the quarterly
dividend 49 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 since
1912, due to uncertainty in the credit markets, unprecedented lower demand for chemical products and the ongoing global
recession. The Company declared dividends of $1.21 per share in 2012, $0.90 per share in 2011 and $0.60 per share in 2010.
See Part III, Item 11. Executive Compensation for information relating to the Company’s equity compensation plans.
There were no purchases of the Company's common stock by the Company during the three months ended December 31,
2012.
On February 13, 2013, the Board of Directors approved a share buy-back program, authorizing up to $1.5 billion to be
spent on the repurchase of the Company's common stock over a period of time.