Ashland Global Holdings Inc. (NYSE:ASH) Declares Quarterly Dividend of $0.28

Ashland Global Holdings Inc. (NYSE:ASH) announced a quarterly dividend on Wednesday, November 18th, RTT News reports. Investors of record on Tuesday, December 1st will be paid a dividend of 0.275 per share by the basic materials company on Tuesday, December 15th. This represents a $1.10 dividend on an annualized basis and a yield of 1.41%.

Shares of NYSE:ASH opened at $78.13 on Friday. The company has a 50-day simple moving average of $74.49 and a 200-day simple moving average of $71.62. Ashland Global has a one year low of $38.88 and a one year high of $83.28. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.25 and a current ratio of 1.90. The stock has a market capitalization of $4.72 billion, a price-to-earnings ratio of -9.30 and a beta of 1.41.

Ashland Global (NYSE:ASH) last issued its quarterly earnings results on Sunday, November 15th. The basic materials company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.24. Ashland Global had a negative net margin of 21.84% and a positive return on equity of 5.40%. The business had revenue of $609.00 million for the quarter, compared to analyst estimates of $589.15 million. During the same period in the previous year, the business posted $0.77 earnings per share. The business’s revenue was up .0% compared to the same quarter last year. As a group, research analysts forecast that Ashland Global will post 3.94 EPS for the current fiscal year.

In other Ashland Global news, insider Eric N. Boni sold 1,066 shares of the stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $70.03, for a total transaction of $74,651.98. Following the transaction, the insider now owns 11,048 shares in the company, valued at approximately $773,691.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 9.33% of the stock is owned by company insiders.

Several analysts have issued reports on the stock. BMO Capital Markets upped their price target on shares of Ashland Global from $80.00 to $106.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Ashland Global in a research note on Friday, October 9th. They set a “positive” rating on the stock. They noted that the move was a valuation call. JPMorgan Chase & Co. increased their price target on shares of Ashland Global from $62.00 to $75.00 and gave the stock a “neutral” rating in a research note on Monday, August 24th. Wells Fargo & Company increased their price objective on shares of Ashland Global from $85.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, July 30th. Finally, Monness Crespi & Hardt lifted their price objective on shares of Ashland Global from $80.00 to $88.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $86.73.

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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