Ashland (ASH) Declares $0.415 Quarterly Dividend with 2.64% Yield
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: seekingalpha
- Quarterly Dividend Announcement: Ashland has declared a quarterly dividend of $0.415 per share, consistent with previous distributions, indicating stable cash flow and profitability, which is likely to attract more income-focused investors.
- Dividend Yield: The forward yield of 2.64% offers a relatively attractive return in the current market environment, potentially increasing investor interest in the company's stock.
- Shareholder Record Dates: The dividend will be payable on March 15, with a record date of March 1 and an ex-dividend date of February 26, providing investors with a clear timeline for their investment decisions.
- Market Reaction: Ashland's stock price has risen as Standard Investments disclosed a 9.9% stake, reflecting increased market confidence in the company's future prospects, which may further drive stock price appreciation.
Analyst Views on ASH
Wall Street analysts forecast ASH stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ASH is 64.86 USD with a low forecast of 53.00 USD and a high forecast of 71.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
7 Analyst Rating
4 Buy
3 Hold
0 Sell
Moderate Buy
Current: 64.170
Low
53.00
Averages
64.86
High
71.00
Current: 64.170
Low
53.00
Averages
64.86
High
71.00
About ASH
Ashland Inc. is a global additives and specialty ingredients company. The Company serves customers in a wide range of consumer and industrial markets, including architectural coatings, construction, energy, food and beverage, personal care and pharmaceuticals. The Company’s segments include Life Sciences, Personal Care, Specialty Additives, and Intermediates. The Life Sciences segment consists of pharmaceuticals, nutrition, agricultural chemicals, diagnostic films and fine chemicals. The Personal Care segment includes bio functionals, microbial protectants (preservatives), skin care, sun care, oral care, hair care and household solutions. The Specialty Additives segment consists of rheology and performance-enhancing additives serving the architectural coatings, construction, energy, automotive and various industrial markets. The Intermediates segment consists of the production of 1,4 butanediol (BDO) and related derivatives, including n-methyl pyrrolidone.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
