Deals
Dow Inc. Jumps in Trading Debut After Split From DowDuPont
- Chemical maker offers investors an industry-leading dividend
- Goldman Sachs sees 2020 rebound in Dow’s plastics business
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Dow Inc. surged on its first day of trading as an independent chemical company as investors flocked to the lure of an industry-leading dividend.
Dow gained as much as 7.3 percent compared with “when-issued” trading that preceded the distribution of the new stock. With its spinoff from DowDuPont Inc., Dow replaces its former parent in the Dow Jones Industrial Average, maintaining the index’s exposure to the materials sector, according to S&P Global Inc.