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, 2023
Notes to Financial Statements  
Equity [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 plan, we retired our prior share repurchase program. On March 25, 2022, our Board of Directors increased the authorization of our existing 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 year ended December 31, 2023, we repurchased 13,093,375 shares of our common stock for approximately $350 million, including commissions, under this share repurchase program. 

 

Dividends on Common Stock

 

The following tables represent dividends on common stock for our Company for the years ended December 31, 2023 and 2022 (dollars in millions, except per share payment amounts):

 

   

Per share

    

Dividends

  

Quarter ended

  

payment amount

    

paid

  

March 31, 2023

   $ 0.2375     $ 44  

June 30, 2023

     0.2375       42  

September 30, 2023

     0.2375       42  

December 31, 2023

     0.2375       41  

 

 

   

Per share

    

Dividends

  

Quarter ended

  

payment amount

    

paid

  

March 31, 2022

   $ 0.2125     $ 45  

June 30, 2022

     0.2125       44  

September 30, 2022

     0.2125       41  

December 31, 2022

     0.2125       40