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Dow Jones Newswires: Dow board approves new $3 billion share buyback program

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Dow Inc.
DOW,
+1.42%

added $3 billion to its stock repurchase authorization, the company said Wednesday.

The company had about $775 million left from a previous authorization that it said it intends to use by mid-2022.

The new program has no expiration date.

“These actions reflect our continued focus to deliver leading cash flow generation and value growth as well as our ongoing commitment to disciplined and balanced capital allocation, where shareholder remuneration remains a key priority for Dow,” Chief Executive Jim Fitterling said in a statement.

In 2021, Dow reported record financial and operating performance, with profit surging to $6.31 billion on nearly $55 billion net sales.

Write to Maria Armental at maria.armental@wsj.com

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