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

Eastman Chemical Company (NYSE:EMN) announced a quarterly dividend on Thursday, May 7th. Shareholders of record on Monday, June 15th will be given a dividend of 0.84 per share by the basic materials company on Wednesday, July 8th. This represents a c) annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend is Monday, June 15th.

Eastman Chemical has increased its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 15 consecutive 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 $6.97 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 48.2%.

Eastman Chemical Price Performance

NYSE EMN opened at $73.75 on Friday. The stock’s 50-day moving average price is $72.46 and its two-hundred day moving average price is $68.43. The company has a current ratio of 1.47, a quick ratio of 0.63 and a debt-to-equity ratio of 0.73. The company has a market cap of $8.43 billion, a PE ratio of 21.36, a PEG ratio of 0.97 and a beta of 1.04. Eastman Chemical has a 1 year low of $56.11 and a 1 year high of $84.18.

Eastman Chemical (NYSE:EMN) last posted its quarterly earnings data on Thursday, April 30th. The basic materials company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.02. The firm had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.17 billion. Eastman Chemical had a return on equity of 8.88% and a net margin of 4.62%.The business’s revenue for the quarter was down 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.91 EPS. Eastman Chemical has set its Q2 2026 guidance at 1.700-1.900 EPS. On average, analysts predict that Eastman Chemical will post 6.33 EPS for the current 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.