Quarterly report pursuant to Section 13 or 15(d)

Note 12 - Huntsman Corporation Stockholders' Equity

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Note 12 - Huntsman Corporation Stockholders' Equity
 9 Months Ended
Sep. 30, 2023
Notes to Financial Statements  
Equity [Text Block]

12. HUNTSMAN CORPORATION STOCKHOLDERS’ EQUITY

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Share Repurchase Program

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On October 26, 2021, our Board of Directors approved a share repurchase program of $1 billion. On March 25, 2022, our Board of Directors increased the authorization of our share repurchase program from $1 billion to $2 billion. The share repurchase program is 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 nine months ended September 30, 2023, we repurchased 11,019,878 shares of our common stock for approximately $300 million, including commissions, under this share repurchase program. From October 1, 2023 through October 18, 2023, we repurchased an additional 614,854 shares of our common stock for approximately $14 million. 

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Dividends on Common Stock

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During the three months ended September 30, 2023 and  September 30, 2022, we declared dividends of $42 million and $41 million, respectively, or $0.2375 and $0.2125 per share, respectively, to common stockholders. During the three months ended June 30, 2023 and June 30, 2022, we declared dividends of $42 million and $44 million, respectively, or $0.2375 and $0.2125 per share, respectively, to common stockholders. During the three months ended March 31, 2023 and March 31, 2022, we declared dividends of $44 million and $45 million, respectively, or $0.2375 and $0.2125 per share, respectively, to common stockholders.