Ashland board authorizes a 12 percent increase in quarterly dividend and new, evergreen $500 million common stock repurchase program
May 25 2022 - 8:00PM
The board of directors of Ashland Global Holdings Inc. (NYSE: ASH)
has declared a quarterly cash dividend of $0.335 cents per share on
the company's common stock representing a 12 percent increase from
the previous quarter. The dividend is payable on June 15, 2022, to
stockholders of record at the close of business on June 1, 2022.
As of April 30, 2022, there were 54,124,915
shares of Ashland common stock outstanding.
In addition, the board of directors authorized a
new, evergreen $500 million common stock repurchase program,
effective immediately. The new authorization terminates and
replaces the company’s 2018 $1 billion share repurchase program.
Under the new program, the company’s common shares may be
repurchased in open market transactions, privately negotiated
transactions or pursuant to Rule 10b5-1 trading plans.
About Ashland
Ashland Global Holdings Inc. (NYSE: ASH) is a global additives and
specialty ingredients company with a conscious and proactive
mindset for sustainability. The company serves customers in a wide
range of consumer and industrial markets, including architectural
coatings, automotive, construction, energy, food and beverage,
nutraceuticals, personal care and pharmaceuticals. Approximately
3,800 passionate, tenacious solvers – from renowned scientists and
research chemists to talented engineers and plant operators –
thrive on developing practical, innovative and elegant solutions to
complex problems for customers in more than 100 countries.
Visit ashland.com and ashland.com/sustainability to learn
more.
™ Trademark, Ashland or its subsidiaries,
registered in various countries.
Investor Relations: |
Media Relations: |
Seth A. Mrozek |
Carolmarie C. Brown |
+1 (302) 594-5010 |
+1 (302) 995-3158 |
samrozek@ashland.com |
ccbrown@ashland.com |
- Ashland board authorizes quarterly dividend FNL 20220525
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