Dividend Reduction: Dow announced a 50% reduction in its dividend to maintain financial flexibility and navigate the prolonged downturn in the industry. This decision reflects the need for capital discipline during challenging economic conditions, with the commitment to target a competitive dividend in the long run remained intact.

Q2 Financial Performance: In the second quarter, Dow reported net sales of $10.1 billion, down 7% year-over-year. EBITDA decreased to $703 million, attributed to industry-wide profitability strains due to geopolitical uncertainties, oversupply, and lower operating rates across segments.

Macroeconomic Outlook: The macroeconomic backdrop continues to pose challenges, with revisions in global GDP forecasts indicating a prolonged downturn across several end markets. Tariff uncertainties are affecting demand patterns, particularly in industrial and durable goods sectors. However, the company anticipates a sequential improvement in EBITDA to approximately $800 million in Q3.