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Last $118.07 USD
Change Today +2.86 / 2.48%
Volume 833.0K
ASH On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 07/28/15 All times are local (Market data is delayed by at least 15 minutes).

ashland inc (ASH) Snapshot

Open
$115.69
Previous Close
$115.21
Day High
$118.14
Day Low
$114.59
52 Week High
05/11/15 - $132.38
52 Week Low
10/15/14 - $95.21
Market Cap
8.0B
Average Volume 10 Days
542.7K
EPS TTM
$4.25
Shares Outstanding
67.6M
EX-Date
08/19/15
P/E TM
27.8x
Dividend
$1.56
Dividend Yield
1.19%
Current Stock Chart for ASHLAND INC (ASH)

ashland inc (ASH) Related Businessweek News

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ashland inc (ASH) Details

Ashland Inc. operates as a specialty chemicals company worldwide. The company’s Specialty Ingredients segment provides products, technologies, and resources for solving formulation and product-performance challenges. It offers solutions using natural, synthetic, and semisynthetic polymers derived from plant and seed extract, cellulose ethers, and vinyl pyrrolidones, as well as acrylic and polyurethane-based adhesives for consumer and industrial applications. This segment serves pharmaceutical companies; makers of personal and home care products, food, and beverages; manufacturers of paint, coatings, and construction materials; packaging and converting markets; and oilfield service companies. Its Performance Materials offers composites, intermediates and solvents, and elastomers, including polyester and vinyl ester resins, as well as gelcoats, maleic anhydride, butanediol, tetrahydrofuran, n-methylpyrolidone, emulsion styrene butadiene rubber, and other intermediates and solvents. This segment serves manufacturers of residential and commercial building products; infrastructure engineers; wind blade and pipe manufacturers; auto, truck, and tire makers; boat builders; adhesives, engineered plastics, and electronic producers; and specialty chemical manufacturers. The company’s Valvoline segment produces and distributes automotive, commercial, and industrial lubricants, automotive chemicals, and car-care products. It also markets lubricants and automotive chemicals under the Valvoline brand name; lubricants for higher-mileage engines under the MaxLife brand name; motor oil under the NextGen brand name; synthetic motor oil under the SynPower brand name; automotive appearance products under the Car Brite brand name; and antifreeze products under the Zerex brand name. In addition, this segment operates and franchises approximately 920 Valvoline Instant Oil Change centers in the United States. The company was formerly known as Ashland Oil Inc and changed its name to Ashland Inc. in 1995. The company was founded in 1924 and is headquartered in Covington, Kentucky.

10,000 Employees
Last Reported Date: 04/30/15
Founded in 1924

ashland inc (ASH) Top Compensated Officers

Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $421.2K
Senior Vice President and President of Ashlan...
Total Annual Compensation: $516.5K
Senior Vice President and President of Chemic...
Total Annual Compensation: $456.5K
Senior Vice President and President of Valvol...
Total Annual Compensation: $388.5K
Chief Compliance Officer, Senior Vice Preside...
Total Annual Compensation: $481.7K
Compensation as of Fiscal Year 2014.

ashland inc (ASH) Key Developments

Ashland Inc. Board Declares Quarterly Dividend, Payable September 15, 2015

The board of directors of Ashland Inc. has declared a quarterly cash dividend of 39 cents per share on the company's common stock. The dividend is payable September 15, 2015, to shareholders of record at the close of business on August 21, 2015.

Ashland Inc. Announces Expiration of Cash Tender Offer and Redemption of its Outstanding 3.000% Senior Notes Due 2016

Ashland Inc. announced the expiration, as of 5:00 P.M., New York City time, on June 22, 2015, of its previously announced cash tender offer to purchase for cash any and all of its outstanding $600 million aggregate principal amount of 3.000% Senior Notes due 2016. The purchase price in the tende offer for each $1,000 principal amount of Notes tendered and accepted for payment is $1,015.00. Ashland will pay accrued and unpaid interest on the notes accepted for payment in the tender offer up to, but not including, June 23, 2015, including the Notes tendered pursuant to the guaranteed delivery procedures. The settlement date for the Notes tendered pursuant to the Tender Offer is June 23, 2015. The company announced that it delivered a notice to redeem all of the notes that remain outstanding following the consummation of the tender offer on July 23, 2015 (the 'redemption date'). Ashland will redeem the notes on the redemption date in accordance with their terms.

Ashland Inc. Enters into Credit Agreement with The Bank of Nova Scotia

Ashland Inc. entered into a Credit Agreement among the company, as Borrower, The Bank of Nova Scotia, as administrative agent, and each lender party thereto and the other agents party thereto. The Credit Agreement provides for a five-year senior unsecured revolving credit facility in an aggregate amount of $1.2 billion, which includes a $250 million letter of credit sublimit and a $100 million swing line loan sublimit, and a five-year senior unsecured term loan facility in an aggregate principal amount of $1.1 billion. A portion of the proceeds of the Term Loan Facility were used to prepay all of the Company's outstanding loans under the existing credit agreement dated as of March 14, 2013, among the company, The Bank of Nova Scotia, as administrative agent, each lender party thereto and the other agents party thereto. Proceeds from the Term Loan Facility were also used to repurchase in the Tender Offer a portion of the Company's 3.000% Senior Notes due 2016, and proceeds will be used to fund certain underfunded pension obligations of the company and for other general corporate purposes.

 

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Industry Analysis

ASH

Industry Average

Valuation ASH Industry Range
Price/Earnings 46.8x
Price/Sales 1.3x
Price/Book 2.6x
Price/Cash Flow 18.4x
TEV/Sales 0.6x
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