Ashland Global Holdings Inc (NYSE:ASH) to Issue Quarterly Dividend of $0.28

Ashland Global Holdings Inc (NYSE:ASH) declared a quarterly dividend on Thursday, November 14th, Zacks reports. Shareholders of record on Monday, December 2nd will be paid a dividend of 0.275 per share by the basic materials company on Sunday, December 15th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date of this dividend is Friday, November 29th.

Shares of NYSE:ASH opened at $71.77 on Wednesday. The company’s 50 day moving average price is $76.67 and its two-hundred day moving average price is $76.17. Ashland Global has a 12-month low of $64.93 and a 12-month high of $83.36. The firm has a market cap of $4.36 billion, a PE ratio of 28.71, a PEG ratio of 2.18 and a beta of 1.27. The company has a quick ratio of 1.10, a current ratio of 1.89 and a debt-to-equity ratio of 0.42.

Ashland Global (NYSE:ASH) last announced its earnings results on Monday, November 18th. The basic materials company reported $0.77 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.98 by ($0.21). Ashland Global had a return on equity of 4.64% and a net margin of 20.26%. The business had revenue of $609.00 million for the quarter, compared to analyst estimates of $644.53 million. During the same quarter in the previous year, the company earned $0.97 EPS. The business’s revenue for the quarter was down 9.0% on a year-over-year basis. On average, research analysts expect that Ashland Global will post 3.17 EPS for the current year.

In other news, CFO J Kevin Willis sold 2,122 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $78.99, for a total transaction of $167,616.78. Following the completion of the sale, the chief financial officer now owns 2,266 shares of the company’s stock, valued at approximately $178,991.34. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Peter Ganz sold 1,351 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $78.99, for a total transaction of $106,715.49. Following the sale, the senior vice president now directly owns 40,738 shares of the company’s stock, valued at approximately $3,217,894.62. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,982 shares of company stock valued at $314,538. 1.14% of the stock is currently owned by insiders.

A number of research analysts have issued reports on the stock. Buckingham Research decreased their target price on shares of Ashland Global from $85.00 to $80.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 20th. SunTrust Banks decreased their target price on shares of Ashland Global from $95.00 to $87.00 and set a “buy” rating on the stock in a research report on Wednesday, August 28th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Ashland Global from a “strong sell” rating to a “hold” rating in a research report on Tuesday. BMO Capital Markets lowered shares of Ashland Global from an “outperform” rating to a “market perform” rating and set a $77.00 target price on the stock. in a research report on Wednesday, November 20th. Finally, ValuEngine upgraded shares of Ashland Global from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Ashland Global currently has an average rating of “Buy” and a consensus price target of $85.22.

Ashland Global Company Profile

Ashland Global Holdings Inc provides specialty chemical solutions worldwide. The company's Specialty Ingredients segment offers products, technologies, and resources for solving formulation and product-performance challenges. It provides solutions using natural, synthetic, and semisynthetic polymers derived from cellulose ethers, vinyl pyrrolidones, acrylic polymers, polyester and polyurethane-based adhesives, and plant and seed extracts.

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Dividend History for Ashland Global (NYSE:ASH)

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