Dow Declares Quarterly Dividend of 42 Cents per Share

MIDLAND, Mich., May. 15 /PRNewswire/ --

MIDLAND, Mich., May 15 /PRNewswire-FirstCall/ -- The Dow Chemical Company , has declared a dividend of 42 cents per share, payable July 30, 2008, to shareholders of record on June 30, 2008.

This is the 387th consecutive cash dividend issued by Dow. Since 1912, Dow has paid its shareholders cash dividends every quarter and has either maintained or increased the quarterly dividend amount throughout that time.

About Dow

With annual sales of $54 billion and 46,000 employees worldwide, Dow is a diversified chemical company that combines the power of science and technology with the "Human Element" to constantly improve what is essential to human progress. The Company delivers a broad range of products and services to customers in around 160 countries, connecting chemistry and innovation with the principles of sustainability to help provide everything from fresh water, food and pharmaceuticals to paints, packaging and personal care products. References to "Dow" or the "Company" mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted. More information about Dow can be found at www.dow.com