By Nicholas G. Miller
FutureFuel cut its quarterly dividend to 1 cent a share effective for the second quarter and said it was redirecting capital to fund growth opportunities and repurchase shares.
The company's dividend for the first quarter was 6 cents a share.
FutureFuel said it will use the capital previously allocated to dividends to expand capacity, commercialize new products and "take advantage of the reshoring of specialty chemicals and advanced materials manufacturing to the United States."
The company said those investments would improve margins and accelerate growth in its chemicals segment.
The company also said it believes its stock is undervalued and reaffirmed its $25 million share-buyback authorization.
Write to Nicholas G. Miller at nicholas.miller@wsj.com
(END) Dow Jones Newswires
March 31, 2026 08:52 ET (12:52 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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