COVINGTON, Ky., Jan. 30 /PRNewswire-FirstCall/ -- The board of directors of Ashland Inc. today declared the regular quarterly cash dividend of 27.5 cents per share on the company's common stock, equivalent to an annual dividend of $1.10 per share. This dividend will be payable on March 15, 2008, to shareholders of record at the close of business on Feb. 19, 2008. As of Dec. 31, 2007, there were 62,902,667 shares outstanding. Ashland Inc., a diversified, global chemical company, provides quality products, services and solutions to customers in more than 100 countries. A FORTUNE 500 company, it operates through four divisions: Ashland Performance Materials, Ashland Distribution, Valvoline and Ashland Water Technologies. To learn more about Ashland, visit www.ashland.com . FORTUNE 500 is a trademark of Time Inc.
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