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Ashland (ASH) raises its quarterly dividend to $0.34 per share.

The company has an indicated yield of 1.5%. Ashland has raised its dividend significantly since 2008, when it paid a $0.075 quarterly dividend.

Ashland Inc. provides specialty chemical solutions to customers in a wide range of consumer and industrial markets, including adhesives, architectural coatings, automotive, construction, energy, food and beverage, personal care and pharmaceutical. Its three business units are Ashland Specialty Ingredients, Ashland Performance Materials and Valvoline.