Ashland Inc. board raises quarterly dividend by nearly 15 percent
May 14 2015 - 8:07AM
May 14, 2015
COVINGTON, Ky. - The board of directors of Ashland
Inc. (NYSE: ASH) has approved a nearly 15 percent increase in the
company's quarterly cash dividend. Ashland's board raised the
quarterly dividend on the company's common stock from 34 cents per
share to 39 cents per share, equivalent to an annual dividend of
$1.56 per share. The quarterly dividend is payable June 15, 2015,
to shareholders of record at the close of business on May 29, 2015.
As of March 31, there were 67,576,297 shares of Ashland common
stock outstanding.
"This increase reflects the board's confidence in
the company's ability to continue executing at a high level while
maintaining its commitment to return cash to shareholders," said
William A. Wulfsohn, Ashland chairman and chief executive
officer.
About Ashland
Ashland Inc. (NYSE: ASH) is a global leader in providing specialty
chemical solutions to customers in a wide range of consumer and
industrial markets, including architectural coatings, automotive,
construction, energy, food and beverage, personal care and
pharmaceutical. Through our three commercial units - Ashland
Specialty Ingredients, Ashland Performance Materials and Valvoline
- we use good chemistry to make great things happen for customers
in more than 100 countries. Visit ashland.com to learn
more.
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C-ASH
FOR FURTHER
INFORMATION:
Investor Relations:
Jason
Thompson
+1 (859) 815-4454
jlthompson@ashland.com
Media Relations:
Gary
Rhodes
+1 (859)
815-3047
glrhodes@ashland.com
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX 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
HUG#1921674
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