Ashland announces 15 percent increase in quarterly dividend, new dividend policy and $100 million share repurchase program

Wilmington, del., may 11, 2023 (globe newswire) -- 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 representing a 15 percent increase from the previous quarter. the dividend is payable on june 15, 2023, to stockholders of record at the close of business on june 1, 2023. as of april 30, 2023, there were 52,353,681 shares of ashland common stock outstanding.
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