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

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

Eastman Chemical has raised its dividend payment by an average of 0.0%annually over the last three years and has raised 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. 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 Trading Up 1.0%

NYSE:EMN traded up $0.76 on Friday, reaching $74.26. The company’s stock had a trading volume of 173,088 shares, compared to its average volume of 1,458,432. The firm has a market cap of $8.49 billion, a PE ratio of 19.35, a PEG ratio of 0.91 and a beta of 1.06. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.71 and a current ratio of 1.50. The business’s 50-day moving average price is $70.55 and its two-hundred day moving average price is $72.29. Eastman Chemical has a 1-year low of $56.11 and a 1-year high of $83.47.

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