Quarterly report pursuant to Section 13 or 15(d)

HUNTSMAN CORPORATION STOCKHOLDERS’ EQUITY

v3.10.0.1
HUNTSMAN CORPORATION STOCKHOLDERS’ EQUITY
6 Months Ended
Jun. 30, 2018
HUNTSMAN CORPORATION STOCKHOLDERS’ EQUITY  
HUNTSMAN CORPORATION STOCKHOLDERS’ EQUITY

13. HUNTSMAN CORPORATION STOCKHOLDERS’ EQUITY

 

Share Repurchase Program

 

On February 7, 2018 and on May 3, 2018, our Board of Directors authorized us to repurchase up to an additional $950 million in shares of our common stock in addition to the $50 million remaining under our September 2015 share repurchase authorization. The share repurchase program will be supported by our free cash flow generation and by the monetization of Venator shares. Repurchases may be made through the open market, including through accelerated share repurchase programs, or in privately negotiated transactions, and repurchases may be commenced or suspended from time to time without prior notice. Shares of common stock acquired through the repurchase program are held in treasury at cost. During the six months ended June 30, 2018, we repurchased 4,632,402 shares of our common stock for approximately $138 million, including commissions, under the repurchase program, of which $3 million was settled in July 2018. From July 1, 2018 through July 23, 2018, we repurchased an additional 542,933 shares of our common stock for approximately $16 million, including commissions.

 

Dividends on Common Stock

 

During each of the quarters ended March 31, 2018 and June 30, 2018, we paid dividends of $39 million, or $0.1625 per share, and during each of the quarters ended March 31, 2017 and June 30, 2017, we paid dividends of $30 million, or $0.125 per share, to common stockholders.