Eastman Chemical Company Plans Quarterly Dividend of $0.84 (NYSE:EMN)

Eastman Chemical Company (NYSE:EMN) announced a quarterly dividend on Thursday, August 6th. Stockholders of record on Tuesday, September 15th will be given a dividend of 0.84 per share by the basic materials company on Wednesday, October 7th. This represents a c) annualized dividend and a dividend yield of 4.5%. The ex-dividend date is Tuesday, September 15th.

Eastman Chemical has raised its dividend by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 15 years. Eastman Chemical has a dividend payout ratio of 40.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Eastman Chemical to earn $6.99 per share next year, which means the company should continue to be able to cover its $3.36 annual dividend with an expected future payout ratio of 48.1%.

Eastman Chemical Price Performance

EMN traded up $0.85 during trading on Friday, hitting $74.35. The company’s stock had a trading volume of 193,779 shares, compared to its average volume of 1,458,491. The business’s fifty day simple moving average is $70.55 and its 200 day simple moving average is $72.29. Eastman Chemical has a twelve month low of $56.11 and a twelve month high of $83.47. The company has a current ratio of 1.50, a quick ratio of 0.71 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $8.50 billion, a price-to-earnings ratio of 19.36, a P/E/G ratio of 0.91 and a beta of 1.06.

Eastman Chemical (NYSE:EMN) last announced its quarterly earnings data on Thursday, July 30th. The basic materials company reported $1.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.82 by $0.15. Eastman Chemical had a return on equity of 9.46% and a net margin of 4.99%.The business had revenue of $2.51 billion for the quarter, compared to analysts’ expectations of $2.40 billion. During the same period last year, the firm earned $1.60 earnings per share. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. Eastman Chemical has set its Q3 2026 guidance at 1.970-1.970 EPS. On average, equities research analysts forecast that Eastman Chemical will post 6.43 EPS for the current fiscal year.

About Eastman Chemical

Eastman Chemical Company (NYSE: EMN) is a global specialty materials company that develops, manufactures and markets a broad range of advanced materials, chemicals and fibers. Its product portfolio spans performance additives, functional products, and engineered plastics designed to enhance the durability, appearance and performance of end products across diverse industries.

The company’s main business activities include the production of specialty chemicals used in adhesives, coatings, building materials and consumer care applications, as well as high-performance plastics for packaging, automotive and electronics markets.