Ashland board declares quarterly dividend
May 17 2017 - 5:23PM
COVINGTON, KY, May 17, 2017 - The
board of directors of Ashland Global Holdings Inc. (NYSE: ASH) has
declared a quarterly cash dividend of $0.225 per share on the
company's common stock. This represents a reduction from the
previous quarterly dividend of $0.39 as a result of the recently
completed separation of Valvoline Inc. (NYSE: VVV). However, when
combined with Valvoline's most recent dividend, the total cash
returned to shareholders of both companies is approximately equal
to what Ashland paid prior to the separation, consistent with prior
expectations.
The Ashland dividend is payable
June 15, 2017, to shareholders of record at the close of business
on June 1, 2017. As of April 30, 2017, there were 62,229,987 shares
of Ashland common stock outstanding.
About Ashland
Ashland Global Holdings Inc. (NYSE: ASH) is a premier global
specialty chemicals company serving customers in a wide range of
consumer and industrial markets, including adhesives, architectural
coatings, automotive, construction, energy, food and beverage,
personal care and pharmaceutical. At Ashland, we are nearly 7,000
passionate, tenacious solvers - from renowned scientists and
research chemists to talented engineers and plant operators - who
thrive on developing practical, innovative and elegant solutions to
complex problems for customers in more than 100 countries.
Visit ashland.com to learn more.
C-ASH
(TM) Trademark, Ashland or its
subsidiaries, registered in various countries.
FOR FURTHER
INFORMATION:
Investor Relations:
Seth A.
Mrozek
+1 (859) 815-3527
samrozek@ashland.com
Media Relations:
Gary Rhodes
+1 (859) 815-3047
glrhodes@ashland.com
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Ashland Inc. via Globenewswire
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