Ashland Global Holdings (ASH) will raise its quarterly dividend by 9.1 percent to 30 cents per share in 2021. This follows a dividend hike of 10.0 percent $0.275 per share in the second quarter of 2019.

The dividend is payable June 15, 2021, to stockholders of record at the close of business on June 1, 2021. As of April 30, 2021. A new annual rate of $1.20 per share yields 1.4% at a stock price of $87.85.

Ashland Global Holdings Inc. is a premier global specialty chemicals company serving customers in consumer and industrial markets, including adhesives, architectural coatings, automotive, construction, energy, food and beverage, personal care and pharmaceutical. The companys two reportable segments are: Specialty Ingredients and Intermediates and Solvents. Specialty Ingredients is a global leader in cellulose ethers, vinyl pyrrolidones and biofunctionals. Intermediates and Solvents is a leading producer of 1,4 butanediol (BDO) and related derivatives, including nmethylpyrrolidone. Ashland Global Holdings Inc. was incorporated in 2016 as the successor to a Kentucky corporation named Ashland Inc. organized in 2004 (now known as Ashland LLC), which was itself organized as the successor to a Kentucky corporation of the same name organized in 1936. Ashland's board of directors has declared a dividend every quarter since December 1936.