Dow Chemical on Tuesday said it was considering breaking one of the longest streaks in US corporate history of consistent dividends by making its first cut since 1912. In a reversal of its pledge not to cut its $1.6bn-a-year dividend, Dow said it was prepared to consider reducing the pay-out to help pay for the $15bn takeover of US rival Rohm & Haas. The news came as it emerged that Saudi Aramco, the kingdom’s national oil group, was one of the companies talking to Dow about a joint venture for its plastics business.

This entry was posted by Gwen Robinson on Wednesday, January 28th, 2009 at 5:37 and is filed under Capital markets. Tagged with dow chemical. Edit this entry.