Increasing Performance and Stable Payouts: Dow Benefits Investors with Growing Earnings
On March 08, 2024, Dow (NYSE:DOW) will distribute a dividend payout of $0.70 per share, equating to an annualized dividend yield of 5.23%. Shareholders who owned the stock before the ex-dividend date on February 28, 2024 will receive this payout.
Dow Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2024-02-28 | 4 | $0.7 | 5.23% | 2024-02-15 | 2024-02-29 | 2024-03-08 |
| 2023-11-29 | 4 | $0.7 | 5.5% | 2023-10-12 | 2023-11-30 | 2023-12-08 |
| 2023-08-30 | 4 | $0.7 | 5.09% | 2023-08-09 | 2023-08-31 | 2023-09-08 |
| 2023-05-30 | 4 | $0.7 | 4.92% | 2023-04-13 | 2023-05-31 | 2023-06-09 |
| 2023-02-27 | 4 | $0.7 | 4.68% | 2023-02-09 | 2023-02-28 | 2023-03-10 |
| 2022-11-29 | 4 | $0.7 | 6.39% | 2022-10-13 | 2022-11-30 | 2022-12-09 |
| 2022-08-30 | 4 | $0.7 | 5.31% | 2022-08-10 | 2022-08-31 | 2022-09-09 |
| 2022-05-27 | 4 | $0.7 | 4.43% | 2022-04-13 | 2022-05-31 | 2022-06-10 |
| 2022-02-25 | 4 | $0.7 | 4.52% | 2022-02-10 | 2022-02-28 | 2022-03-11 |
| 2021-11-29 | 4 | $0.7 | 4.92% | 2021-10-14 | 2021-11-30 | 2021-12-10 |
| 2021-08-30 | 4 | $0.7 | 4.36% | 2021-08-12 | 2021-08-31 | 2021-09-10 |
| 2021-05-27 | 4 | $0.7 | 4.36% | 2021-04-15 | 2021-05-28 | 2021-06-11 |
With a dividend yield that places it neither at the top nor the bottom, Dow finds itself in the middle among its industry peers, while Westlake Chemical (NYSE:WLKP) boasts the highest annualized dividend yield at 8.38%.
Analyzing Dow Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
The company has consistently maintained a dividend per share of $2.80 from 2020 to 2023. This unwavering dividend policy instills confidence in investors, as they can rely on a consistent income stream from the company's dividends.
YoY Earnings Growth For Dow
From 2020 to 2023, Dow has demonstrated an upward trend in earnings, with earnings per share rising from $1.61 to $2.27. This positive earnings growth bodes well for investors looking to generate income through cash dividend payouts.
Recap
This article delves into the recent dividend payout of Dow and its implications for shareholders. Presently, the company is distributing a dividend of $0.70 per share, leading to an annualized dividend yield of 5.23%.
With a dividend yield that places it neither at the top nor the bottom, Dow finds itself in the middle among its industry peers, while Westlake Chemical boasts the highest annualized dividend yield at 8.38%.
The unaltered dividend per share during 2020 to 2023 does not diminish the significance of the increasing earnings per share for Dow. This upward trend suggests the company's financial stability and its potential to sustain the distribution of profits to shareholders.
It is essential for investors to closely track the company's performance in the coming quarters to remain updated regarding any alterations in financials or dividend disbursements.
[Click here](https://www.benzinga.com/stock//dividends) to find details on Dow's previous dividends.
To keep track of which companies are distributing dividends, click here to visit our Dividends Calendar.
This article was generated by Benzinga's automated content engine and reviewed by an editor.