As per Ashland Inc. (NYSE:ASH)’s news release on 2016-07-21, its shareholders will get cash dividend of $0.39 per share. The recent press release updated on the record date and payout date, which stands at 2016-08-19 and 2016-09-15, respectively.
The stock will commence trading ex-dividend from 2016-08-17, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Ashland Inc. (NYSE:ASH) disbursed $0.39 in dividend compared to distribution of $0.39, a year ago.
It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 7.353%.
The sell-side market professionals who track the firm’s financial and technical parameters have estimated Ashland Inc. (NYSE:ASH) to attain a price target of $133.2. It is an average estimate figure given by 5 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $140. The low price range is set at $125 for next year while the arithmetic mean is seen at 1.
Eyeing Earnings Ashland Inc. (NYSE:ASH) is likely to post quarterly numbers around 2016-11-01 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $1.72 for the period ending on 2016-09-30.
In last quarter ended 2015-09-30, Ashland Inc. (NYSE:ASH) earnings came at $1.95 suggesting a deviation of $-0.12. The brokerages targeted EPS of $2.07 for the quarter.
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