Friday, November 21, 2008

Out of the Sky and Into the Ash: Ashland Trashes Dividend Almost 75%

Ashland has reduced its dividend by almost 75% in a trend we are seeing more and more these days.

Being in chemicals, oils, and plastics just ain't what it was cracked up to be in this downturn compared to the boomtimes of the American clownsumer. It is always difficult to define a decade era that begins with the 00s. I am hereby declaring this the millenial decade of the idiot clownsumer.

Ashland is based in Covington, Kentucky.

Related:
Dividend Cuts
Terminal Solution: Solutia Closes Some Shop and Lays Off Elsewhere
Bad News In A Small Town
Cut the Staff: Miller Electric Saws Off 6% in Layoff

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