Wall Street is Wrong About Dow Inc. Here's Why.
The long-anticipated breakup of the world's largest chemical conglomerate, DowDuPont, began in late March when Dow Inc. (NYSE: DOW) split off from Dupont de Nemours (NYSE: DD). Two months later, Corteva (NYSE: CTVA) broke off from Dupont, concluding the spinoff of three companies from one.
Since late March, the stock has been all over the place with gains as high as 15% to loses 15% below the spinoff price. That being said, Dow Chemical's high dividend, low P/E multiple, and responsible management make the stock a gem on paper. Pair that with Dow's whopping 6.5% dividend, and you have a stock that is a buy right now.
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