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Ashland, LyondellBasell Increase Dividends

2:07 PM MDT | May 18, 2012

LyondellBasell is increasing its dividend by 60%, effective June 11. “The increase reflects our significant operational and commercial improvements over the past two years coupled with our most recent debt restructurings,” says Karyn Ovelmen, LyondellBasell executive v.p. and CFO. Ashland, meanwhile, has announced a quarterly dividend increase of 29%, to 22.5 cts/share effective June 15. “This dividend increase reflects the board’s continued confidence in the strategic direction of the company, as well as our ability to generate cash and...

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