Ashland raises quarterly dividend 15% to $0.385, announces $100M share repurchase plan

ASHLAND INC.

Quarterly dividend increased 15% to $0.385 per share, payable June 15, 2023 to holders of record June 1, 2023.
New dividend policy targets annual payout ratio of approximately 30% of adjusted income from continuing operations.
Company intends to commence a 10b5-1 plan to repurchase up to $100 million of shares during the June 2023 quarter.
Inclusive of this new repurchase, Ashland will have returned ~$950 million to shareholders over the past three years.

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