Ashland board authorizes a 12 percent increase in quarterly dividend and new, evergreen $500 million common stock repurchase program

Rhea-AI Summary

Ashland Global Holdings Inc. (NYSE: ASH) has declared a quarterly cash dividend of $0.335 per share, marking a 12% increase from the previous quarter. This dividend will be payable on June 15, 2022, to stockholders of record as of June 1, 2022. Additionally, the board authorized a new $500 million stock repurchase program, replacing the previous $1 billion plan. This initiative aims to enhance shareholder value.

Positive

• Declared a quarterly dividend increase of 12%, enhancing shareholder returns.
• New $500 million stock repurchase program, expected to support stock price.
• Demonstrates commitment to returning capital to shareholders.

Negative

• None.

WILMINGTON, Del., May 25, 2022 (GLOBE NEWSWIRE) -- 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

Attachment

• Ashland board authorizes quarterly dividend FNL 20220525

FAQ

What is the new dividend amount declared by Ashland?

Ashland has declared a quarterly cash dividend of $0.335 per share.

When will the new dividend be paid?

The new dividend will be paid on June 15, 2022.

What is the amount of the new stock repurchase program for Ashland?

The new stock repurchase program is authorized for $500 million.

What was the percentage increase in the quarterly dividend?

The quarterly dividend was increased by 12% from the previous quarter.

How does the new repurchase program compare to the previous one?

The new program replaces the $1 billion share repurchase program initiated in 2018.