WILMINGTON, DE — Ashland Inc. (NYSE: ASH) increased its quarterly cash dividend by 1.2% to $0.42 per share, continuing a series of shareholder payouts as the specialty materials company operates across consumer and industrial markets.
The dividend will be paid June 15 to shareholders of record at the close of business June 1.
Ashland had 45,788,007 shares of common stock outstanding as of April 30.
The company manufactures additives and specialty ingredients used in industries including pharmaceuticals, personal care, food and beverage, architectural coatings, construction, and energy.
Ashland operates in more than 100 countries and employs approximately 2,900 workers.
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