Dow soars 7% amid beat, boost to capital returns

|About: Dow Chemical Co. (DOW)|By:, SA News Editor

It's eye on Dan Loeb, Dow Chemical (DOW) boosts its quarterly dividend by 15% to $0.37 per share, and triples the size of its 2014 buyback authorization to $4.5B.

Management outlook comments also seem focused on Loeb: "[The results are] clear evidence of our ability to manage all aspects of our integrated business to generate strong financial performance in an uncertain world ... Our actions to improve return on capital, grow profitability and generate cash are accelerating as we go deeper into attractive end-use markets, exit complex but non-strategic assets and value chains, and maintain a strong focus on productivity metrics and cost controls."

CC at 9 ET

DOW +7% premarket