Reported 1 day ago
Dow Inc. has seen an improvement in its dividend prospects following a Canadian court ruling that awarded it $1.2 billion in damages related to a jointly owned ethylene project. Citi maintained a Hold rating on Dow's stock while raising the price target from $29 to $30. Despite a high dividend yield of 9.29%, concerns arise due to the company's payout ratio exceeding 700%. Market experts view the legal victory positively, though caution is advised for investors.
Source: YAHOO