Chemical products maker Dow Chemical Co.'s (DOW) board has approved a share buy-back program, authorizing the repurchase of up to $1.5 billion of its common stock.
In a separate press release, the company has declared a dividend of 32 cents per share, payable April 30, 2013, to shareholders of record on March 28, 2013, thereby marking the 406th consecutive cash dividend issued by the company. Dow has paid its shareholders cash dividends every quarter since 1912.
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