Dow said it would pay a dividend of 15 cents a share on April 30, compared with its previous dividend of 42 cents.
Citigroup also announced that the Company lowered its dividend to $0.32 per share, a 40% decline from the Company's previous dividend disbursement.
The company declared a quarterly cash dividend on its common stock of 20 cents a share, payable March 21 to holders of record March 7, unchanged from the previous dividend.
The new dividend is an increase of 5 cents over its previous dividend and will be paid on Dec. 12 to shareholders of record as of Nov. 21.
The previous dividend rate had been 6 cents a share, and the company will maintain a rate of 4 cents a share on post-split shares going forward, it said.
Home Depot also declared a quarterly dividend of $0.29 per share, up 16% from its previous dividend.
After the bell on Tuesday, the Mesabi Trust declared its quarterly dividend of 12.5 cents per share, a decrease of about 80% from its previous dividend.
The banking company said Tuesday that it would cut its dividend to 1 cent from its previous dividend of 16 cents, which was half of its 32-cent payout in the previous quarter.
Of the companies listed under the "Reduced" heading, only the first one, United Guardian Inc., announced a payout lower than the company's previous dividend.
Diana's previous four dividends totaled $2.94 a share, or $218.7 million.
JPMorgan Chase's dividend for 2011 was $1 a share, up from its previous annual dividend rate of 20 cents, but in contrast to $1.52 before the crisis.
