Ashland board authorizes quarterly dividend
Ashland Inc. (ASH) has declared a quarterly cash dividend of $0.385 cents per share on the company's common stock. The dividend is payable on March 15, 2024, to stockholders of record at the close of business on March 1, 2024. As of December 31, 2023, there were 50,094,986 shares of Ashland common stock outstanding.
The announcement of a quarterly cash dividend by Ashland Inc. represents a distribution of earnings to shareholders, which is a key indicator of the company's financial health and stability. The dividend yield, calculated by dividing the annual dividends per share by the stock price, is a critical measure for investors, as it provides insight into the return on investment from dividends alone. Given the declared dividend of $0.385 per share, stakeholders can assess the attractiveness of Ashland's stock relative to other investment opportunities, considering factors such as dividend consistency, growth and the company's payout ratio, which reflects the proportion of earnings paid out as dividends.
Furthermore, the timing of the dividend payment and the record date are essential for investors, as they determine eligibility for the dividend. This announcement may influence investor sentiment and stock trading patterns as the ex-dividend date approaches, typically resulting in a temporary decrease in stock price equivalent to the dividend amount. Long-term investors might see this as an opportunity to accumulate additional shares, while short-term traders might adjust their positions accordingly.
From a market research perspective, Ashland Inc.'s dividend declaration can impact the stock's market perception, particularly among income-focused investors. Dividend-paying stocks are often seen as less volatile and more reliable during market downturns. Ashland's ability to maintain or increase dividends can signal confidence in its future earnings and cash flow stability. Analysts might compare Ashland's dividend payout to industry averages and peers to evaluate its competitive position.
Additionally, the number of shares outstanding, as mentioned in the announcement, is a factor in calculating market capitalization, an important metric for comparing company size and market value within its industry. Any significant changes in the number of outstanding shares, such as from buybacks or stock issuances, could influence the dividend per share and the company's overall financial strategy.
01/22/2024 - 05:01 PM
WILMINGTON, Del., Jan. 22, 2024 (GLOBE NEWSWIRE) -- The board of directors of Ashland Inc. (NYSE: ASH) has declared a quarterly cash dividend of $0.38 5 cents per share on the company's common stock. The dividend is payable on March 15, 2024, to stockholders of record at the close of business on March 1, 2024.
As of December 31, 2023, there were 50,094,986 shares of Ashland common stock outstanding.
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What is the dividend amount declared by Ashland Inc. (ASH)?
The board of directors of Ashland Inc. (NYSE: ASH) has declared a quarterly cash dividend of $0.385 cents per share on the company's common stock.
When is the dividend payable to stockholders?
The dividend is payable on March 15, 2024, to stockholders of record at the close of business on March 1, 2024.
How many shares of Ashland common stock were outstanding as of December 31, 2023?
As of December 31, 2023, there were 50,094,986 shares of Ashland common stock outstanding.
ASH Rankings
#3769 Ranked by Stock Gains
ASH Stock Data
Industry
All Other Miscellaneous Chemical Product and Preparation Manufacturing
Sector
Manufacturing
Tags
All Other Miscellaneous Chemical Product and Preparation Manufacturing , Process Industries, Manufacturing, Chemicals: Specialty
Country
US
City
Wilmington
About ASH
ashland global holdings inc. (nyse: ash) is a premier global specialty chemicals company serving customers in a wide range of consumer and industrial markets, including adhesives, architectural coatings, automotive, construction, energy, food and beverage, personal care and pharmaceutical. at ashland, we are nearly 7,000 passionate, tenacious solvers - from renowned scientists and research chemists to talented engineers and plant operators - who thrive on developing practical, innovative and elegant solutions to complex problems for customers in more than 100 countries. visit www.ashland.com to learn more.
