SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 5, 2000
THE DOW CHEMICAL COMPANY
(Exact name of registrant as specified in its charter)
Delaware 1-3433 38-1285128
(State or other (Commission File (IRS Employer
jurisdiction of Number) Identification
incorporation) No.)
2030 Dow Center, Midland, Michigan 48674
Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (517) 636-1000
Not applicable
(Former name or former address, if changed since last report.)
Item 5. Other Events
The Dow Chemical Company issued a press release on September 5, 2000,
the text of which is as follows:
Dow Declares Quarterly Dividend Of 29 Cents Per Share
(MIDLAND, Mich.) September 5, 2000 - The Dow Chemical Company
today announced a quarterly dividend of 29 cents per share,
payable October 30, 2000, to stockholders of record on September
29, 2000. This is the company's 355th consecutive quarterly
dividend.
In May, Dow announced plans to increase the quarterly dividend by
15.5 percent in the third quarter. However, in order for Dow's
merger with Union Carbide to qualify for "pooling of interests"
accounting treatment, the company cannot increase the dividend
until that transaction has closed. While a third quarter close
is still possible, the company no longer expects to complete the
transaction by September 30.
J. Pedro Reinhard, executive vice president and chief financial
officer, reaffirmed Dow's intention to increase the dividend to
33.5 cents per share. He added, "We remain very confident that
we will complete the merger in the near future, and we are
actively working with regulatory authorities to bring this
process to a successful conclusion."
Since 1912, Dow has paid a dividend every quarter and has
maintained or increased the dividend amount throughout that time.
The dividend amount of 29 cents per share reflects a three-for-
one split of the company's common stock that was distributed on
June 16, 2000, to stockholders of record on May 23, 2000. It is
equivalent to 87 cents per share on a pre-split basis.
Dow is a leading science and technology company that provides
innovative chemical, plastic and agricultural products and
services to many essential consumer markets. With annual sales of
$19 billion, Dow serves customers in 162 countries and a wide
range of markets that are vital to human progress, including
food, transportation, health and medicine, personal and home
care, and building and construction, among others. Committed to
the principles of sustainable development, Dow and its 39,000
employees seek to balance economic, environmental and social
responsibilities.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned hereunto duly authorized.
THE DOW CHEMICAL COMPANY
Registrant
/s/ J. PEDRO REINHARD
J. Pedro Reinhard
Executive Vice President and
Chief Financial Officer
Date: September 5, 2000
