Business

Ashland increases dividend

Covington-based Ashland Inc. announced Thursday its quarterly dividend has increased to 22.5 cents per share. That's a jump of 29 percent, equal to an annual dividend of 90 cents per share. The dividend is payable June 15, to shareholders of record at the close of business on June 1.

"Since 2009, we have tripled our annual dividend, a clear sign that Ashland's transformation into a specialty chemical company has yielded tangible benefits for our shareholders and provided a strong platform for continued growth in the years ahead," said CEO James J. O'Brien in a statement.

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