WILMINGTON, DE — Ashland Inc. (NYSE: ASH) will pay a quarterly cash dividend of $0.42 per common share on Sept. 15, maintaining a direct return of capital to shareholders as the specialty ingredients company enters the final weeks of its fiscal year.
The dividend will be paid to shareholders of record at the close of business Sept. 1, Ashland’s board of directors determined.
Based on the 45.8 million shares outstanding as of July 31, the dividend would represent an aggregate distribution of about $19.2 million if the share count remains unchanged through the record date.
Ashland operates an additives and specialty ingredients business serving consumer and industrial markets including architectural coatings, construction, energy, food and beverage, personal care and pharmaceuticals.
The Wilmington-based company employs about 2,900 people and serves customers in more than 100 countries.
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