Dan Loeb Wins Again As Dow Chemical Announces Dividend, Buyback Plan

Over the past several years, activist investing has really taken off and we have begun to see hedge fund managers become household names as they vow to turn companies around and return value to the shareholders.  The latest victory comes from Third Point founder Daniel Loeb, in an attempt to bring value back to Dow Chemical Co (NYSE:DOW).  After continuing to press the board of directors into increasing the dividend and expanding the company’s share buyback program, an announcement was made today from Dow Chemical saying that the company is increasing its quarterly dividend from $.37 a share to $.42…