Ashland Inc. board increases annual dividend 29 percent
(Thomson Reuters ONE) -
May 17, 2012
COVINGTON, Ky. - The board of directors of Ashland Inc. (NYSE: ASH) has declared
a quarterly cash dividend of 22.5 cents per share on the company's common stock.
This represents a 29 percent increase from the previous quarterly dividend and
is equivalent to an annual dividend of 90 cents per share. The dividend is
payable June 15, 2012, to shareholders of record at the close of business on
June 1, 2012. As of March 31, 2012, there were 78,467,329 shares of Ashland
common stock outstanding.
"This dividend increase reflects the board's continued confidence in the
strategic direction of the company, as well our ability to generate cash and
deliver strong financial performance for shareholders," said James J. O'Brien,
Ashland chairman and chief executive officer. "Since 2009, we have tripled our
annual dividend, a clear sign that Ashland's transformation into a specialty
chemical company has yielded tangible benefits for our shareholders and provided
a strong platform for continued growth in the years ahead."
In more than 100 countries, the people of Ashland Inc. (NYSE: ASH) provide the
specialty chemicals, technologies and insights to help customers create new and
improved products for today and sustainable solutions for tomorrow. Our
chemistry is at work every day in a wide variety of markets and applications,
including architectural coatings, automotive, construction, energy, food and
beverage, personal care, pharmaceutical, tissue and towel, and water treatment.
Visit ashland.com to see the innovations we offer through our four commercial
units - Ashland Specialty Ingredients, Ashland Water Technologies, Ashland
Performance Materials and Ashland Consumer Markets.
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C-ASH
FOR FURTHER INFORMATION:
Media Relations:
Gary Rhodes
+1 (859) 815-3047
glrhodes(at)ashland.com
Investor Relations:
David Neuberger
+1 (859) 815-4454
daneuberger(at)ashland.com
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Ashland Inc. via Thomson Reuters ONE
[HUG#1613028]
Unternehmensinformation / Kurzprofil:
Datum: 17.05.2012 - 13:30 Uhr
Sprache: Deutsch
News-ID 147776
Anzahl Zeichen: 2804
contact information:
Town:
Covington
Kategorie:
Business News
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