
Ashland Inc.
ASHBasic Materials · Specialty Chemicals · Stock · quarterly payer
Forward Yield
2.36%
Annual Dividend
$1.68
Payout Ratio
107%
5-Yr Growth
8.4%
Ex-Date
Sep 1, 2026
Frequency
Quarterly
Key facts about ASH's dividend
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, Ashland Inc. (ASH) has a forward dividend yield of 2.36%, based on an annual dividend of $1.68 per share and a share price of $71.15.
- As of Oct 18, 2026, ASH's dividend safety grade from SmarterDividends is A (80 out of 100), which rates the dividend as very safe.
- By SmarterDividends' count, Ashland Inc. (ASH) has raised its dividend for 16 consecutive years as of Oct 18, 2026.
- ASH last cut its regular dividend in 2008.
- ASH's most recent ex-dividend date was Sep 1, 2026, for a dividend of $0.42 per share.
- As of Oct 18, 2026, ASH pays out 107% of its trailing 12-month earnings as dividends (its payout ratio).
- ASH's dividend has grown at an average rate of 8.4% a year over the past five years.
- As of Oct 18, 2026, ASH's 2.36% yield is 31% above its five-year average yield of 1.80%.
- As of Oct 18, 2026, SmarterDividends' blended fair-value estimate for ASH is $98.86 per share, 39% above the $71.15 share price, so ASH screens as undervalued.
- Ashland Inc. (ASH) pays its dividend quarterly, 4 times a year.
- Ashland Inc. (ASH) has raised its regular dividend 19 times and cut it 1 time across the 174 payments on record since 1983. Its most recent change was a 1.2% increase to $0.420 per share, going ex-dividend on Jun 1, 2026. The last cut went ex-dividend on Nov 26, 2008.
Cite this page
SmarterDividends, "ASH Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 18, 2026, https://smarterdividends.com/stocks/ASH
Summary
As of Oct 18, 2026, Ashland Inc. (ASH) yields 2.36% ($1.68 a year per share), has a dividend safety grade of A (80/100) and has 16 consecutive years of dividend increases on record.
Is ASH a good dividend stock?
YesAshland Inc. (ASH) pays a quarterly dividend yielding 2.36% ($1.68/yr), with 16 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- 16 consecutive years of dividend growth
- Strong 8.4% 5-yr dividend growth
- Top-tier dividend safety score
Risks
- Cut its dividend in 2008
- Elevated payout ratio (107%)
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 2.36%
- Payout Ratio
- 107%
- Annual Dividend
- $1.68
- 5-Yr Avg Growth
- 8.4%
- Ex-Dividend Date
- Sep 1, 2026
- Years of Growth
- 16
- Frequency
- quarterly
- Beta
- 0.40
- Market Cap
- $3.3B
- P/E Ratio
- 45.6
- 5-Yr Total Return
- -30%
- 52-Week Range
- $47.12 – $78.25
- Dividend Safety
- A · 80/100
- Ever Cut?
- Yes (2008)
ASH dividend raises and cuts
Ashland Inc. (ASH) has raised its regular dividend 19 times and cut it 1 time across the 174 payments on record since 1983. Its most recent change was a 1.2% increase to $0.420 per share, going ex-dividend on Jun 1, 2026. The last cut went ex-dividend on Nov 26, 2008.
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Jun 1, 2026 | Raise | $0.415 → $0.420 | +1.2% |
| May 30, 2025 | Raise | $0.405 → $0.415 | +2.5% |
| May 31, 2024 | Raise | $0.385 → $0.405 | +5.2% |
| May 31, 2023 | Raise | $0.335 → $0.385 | +14.9% |
| May 31, 2022 | Raise | $0.300 → $0.335 | +11.7% |
| May 28, 2021 | Raise | $0.275 → $0.300 | +9.1% |
| May 31, 2019 | Raise | $0.250 → $0.275 | +10.0% |
| May 31, 2018 | Raise | $0.225 → $0.250 | +11.1% |
| May 30, 2017 | Raise | $0.191 → $0.225 | +17.9% |
| May 27, 2015 | Raise | $0.166 → $0.191 | +14.7% |
| May 29, 2013 | Raise | $0.110 → $0.166 | +51.1% |
| May 30, 2012 | Raise | $0.0856 → $0.110 | +28.6% |
Show all 20 changes since 1986
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| May 31, 2011 | Raise | $0.0734 → $0.0856 | +16.7% |
| May 28, 2010 | Raise | $0.0367 → $0.0734 | +100.0% |
| Nov 26, 2008 | Cut | $0.135 → $0.0367 | −72.7% |
| Aug 18, 2005 | Raise | $0.110 → $0.135 | +21.8% |
| May 25, 2000 | Raise | $0.105 → $0.110 | +5.7% |
| Nov 21, 1994 | Raise | $0.0951 → $0.105 | +10.0% |
| May 24, 1988 | Raise | $0.0856 → $0.0951 | +11.1% |
| May 20, 1986 | Raise | $0.0761 → $0.0856 | +12.5% |
Frequently Asked Questions
Is ASH a good dividend stock?
Yes. Ashland Inc. (ASH) pays a quarterly dividend yielding 2.36% ($1.68/yr), with 16 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Is ASH undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, ASH's fair value is about $98.86 versus a $71.15 share price — so it looks undervalued (+39% vs. fair value).
Is ASH's dividend safe?
ASH has a dividend-safety grade of A (80/100), based on its payout coverage, free-cash-flow, 16-year growth streak, a dividend cut in 2008, debt and yield-versus-history.
What is ASH's fair value?
Our blended fair-value estimate for ASH is about $98.86 per share, roughly 39% above the current $71.15 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is ASH a buy, hold, or sell?
We don't issue formal ratings, but on the data ASH screens as "yes" and undervalued. Ashland Inc. (ASH) pays a quarterly dividend yielding 2.36% ($1.68/yr), with 16 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.
Will ASH cut its dividend?
ASH earns a dividend-safety grade of A (80/100), and has cut its dividend before (last in 2008). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does ASH pay a dividend?
Yes. Ashland Inc. pays a quarterly dividend of about $1.68 per share annually, a forward yield of roughly 2.36%.
What is ASH's dividend yield?
As of Oct 18, 2026, ASH's forward dividend yield is 2.36%, based on a $1.68 annual dividend and a $71.15 share price.
What is ASH's dividend per share?
As of Oct 18, 2026, ASH pays $1.68 per share per year, distributed on a quarterly basis.
What is ASH's dividend payout ratio?
As of Oct 18, 2026, ASH's payout ratio is 107% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.
How many years has ASH grown its dividend?
As of Oct 18, 2026, ASH has increased its dividend for 16 consecutive years.
When is the next ASH ex-dividend date?
As of Oct 18, 2026, ASH's next ex-dividend date hasn't been announced. The most recent was Sep 1, 2026, for $0.42 per share.
ASH Price — Last 12 Months
Daily close
Price Return
1 Year
+34%
3 Years
-11%
5 Years
-30%
52-Week Range
$47.12 – $78.25
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is ASH worth?
Undervaluedlow confidenceOur blended fair-value estimate for Ashland Inc. is $98.86 per share, versus a market price of $71.15. That implies 39% of upside — a margin of safety of about 28%.
Fair Value
$98.86
Current Price
$71.15
Upside
+39%
Margin of Safety
28%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -0.0% annual free-cash-flow growth. We model 12.0% — below our estimate, leaving room for upside if the business executes.
Assumptions: 8.0% discount rate (CAPM), 12.0% growth for five years fading to 2.5% over the next five, $1.56 EPS, $1.68 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
ASH Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full ASH dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 1, 2026 | Sep 15, 2026 | $0.4200 | regular |
| Jun 1, 2026 | Jun 15, 2026 | $0.4200 | regular |
| Feb 27, 2026 | Mar 15, 2026 | $0.4150 | regular |
| Dec 1, 2025 | Dec 15, 2025 | $0.4150 | regular |
| Aug 29, 2025 | Sep 15, 2025 | $0.4150 | regular |
| May 30, 2025 | Jun 15, 2025 | $0.4150 | regular |
| Feb 28, 2025 | Mar 15, 2025 | $0.4050 | regular |
| Nov 29, 2024 | Dec 15, 2024 | $0.4050 | regular |
| Aug 30, 2024 | Sep 15, 2024 | $0.4050 | regular |
| May 31, 2024 | Jun 15, 2024 | $0.4050 | regular |
| Feb 29, 2024 | Mar 15, 2024 | $0.3850 | regular |
| Nov 30, 2023 | Dec 15, 2023 | $0.3850 | regular |
| Aug 31, 2023 | Sep 15, 2023 | $0.3850 | regular |
| May 31, 2023 | Jun 15, 2023 | $0.3850 | regular |
Income Calculator
At $1.68 / yr per share
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