Ashland Global hikes dividend by 11.7%

Ashland Global Holdings (ASH) will raise its quarterly dividend by 11.7 percent to 33.5 cents per share in 2022. This follows a dividend hike of  9.1 percent to 30 cents per share in 2021 by Ashland.

The board of directors of Ashland Global Holdings Inc.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.

Ashland Global Holdings Inc. is a premier global specialty chemicals company serving customers in consumer and industrial markets, including adhesives, architectural coatings, automotive, construction, energy, food and beverage, personal care and pharmaceutical. The companys two reportable segments are: Specialty Ingredients and Intermediates and Solvents. Specialty Ingredients is a global leader in cellulose ethers, vinyl pyrrolidones and biofunctionals. Intermediates and Solvents is a leading producer of 1,4 butanediol (BDO) and related derivatives, including nmethylpyrrolidone. Ashland Global Holdings Inc. was incorporated in 2016 as the successor to a Kentucky corporation named Ashland Inc. organized in 2004 (now known as Ashland LLC), which was itself organized as the successor to a Kentucky corporation of the same name organized in 1936. Ashland's board of directors has declared a dividend every quarter since December 1936.