Annual report pursuant to Section 13 and 15(d)

Note 22 - Huntsman Corporation Stockholders' Equity

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Note 22 - Huntsman Corporation Stockholders' Equity
12 Months Ended
Dec. 31, 2021
Notes to Financial Statements  
Stockholders' Equity Note Disclosure [Text Block]

22. HUNTSMAN CORPORATION STOCKHOLDERS’ EQUITY

 

Share Repurchase Program

 

On October 26, 2021, our Board of Directors approved a new share repurchase program of $1 billion. In conjunction with the inception of this program, we retired our prior share repurchase program. Similar to our prior share repurchase program, the share repurchase program will be supported by our free cash flow generation. Repurchases may be made in 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 fourth quarter of 2021, we repurchased 3,082,614 shares of our common stock for approximately $101 million, excluding commissions, under this share repurchase program. Prior to the fourth quarter during 2021, we repurchased 3,971,784 shares of our common stock for approximately $102 million, excluding commissions, under the prior share repurchase program. From January 1, 2022 through January 31, 2022, we repurchased an additional 851,000 shares of our common stock for approximately $31 million, excluding commissions.

 

Dividends on Common Stock

 

The following tables represent dividends on common stock for our Company for the years ended December 31, 2021 and 2020 (dollars in millions, except per share payment amounts):

 

   

2021

 
           

Approximate

 
   

Per share

   

amount

 

Quarter ended

 

payment amount

   

paid

 

March 31, 2021

  $ 0.1625     $ 36  

June 30, 2021

    0.1875       41  

September 30, 2021

    0.1875       42  

December 31, 2021

    0.1875       40  

 

 

   

2020

 
           

Approximate

 
   

Per share

   

amount

 

Quarter ended

 

payment amount

   

paid

 

March 31, 2020

  $ 0.1625     $ 37  

June 30, 2020

    0.1625       36  

September 30, 2020

    0.1625       36  

December 31, 2020

    0.1625       35