The operating environment just didn’t improve fast enough for commodity chemical producer Dow Inc. It slashed its dividend on Thursday to preserve cash in tough times. “Today’s announcement aims to ensure we maximize long-term shareholder value as we navigate a prolonged industry downturn and the resulting lower-for-longer earnings environment,” said CEO Jim Fitterling in a news release. Dow shares were down 9.4% at $27.51 in premarket trading, while and futures were up 0.1% and down 0.4%, respectively.
