FF · FutureFuel Corp.

FutureFuel Corp. announced a significant shift in its capital allocation strategy, reducing its quarterly dividend to $0.01 per share for the second quarter of 2026. The Board of Directors determined that the company's stock is undervalued at current market prices, prompting a decision to redirect capital previously allocated to dividends toward higher-return initiatives. These initiatives include funding projects to expand manufacturing capacity, commercialize new products, and capitalize on the reshoring of specialty chemicals and advanced materials manufacturing to the United States. The Board expects these investments to improve margins and accelerate growth in the chemicals segment. Concurrently, the company reaffirmed its existing $25 million share buyback authorization and expressed its intention to be an active purchaser of its own stock subject to market conditions. Management emphasized that investing through cycles is critical for success in the capital-intensive chemical manufacturing business. The dividend is payable on June 18, 2026, to shareholders of record on June 4, 2026.