Eastman Chemical Company (EMN) To Go Ex-Dividend on September 15th

Eastman Chemical Company (NYSE:EMN) declared 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 4.6%. The ex-dividend date of this dividend 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 payout ratio of 40.4% meaning its dividend is sufficiently covered by earnings. 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 Trading Up 0.1%

Shares of EMN stock opened at $73.58 on Friday. Eastman Chemical has a 52-week low of $56.11 and a 52-week high of $83.47. 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 firm has a market capitalization of $8.42 billion, a PE ratio of 19.16, a PEG ratio of 0.91 and a beta of 1.06. The stock has a fifty day simple moving average of $70.51 and a two-hundred day simple moving average of $72.30.

Eastman Chemical (NYSE:EMN) last posted its quarterly earnings results on Thursday, July 30th. The basic materials company reported $1.97 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 analysts’ expectations of $2.40 billion. Eastman Chemical had a return on equity of 9.46% and a net margin of 4.99%.The business’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period last year, the firm earned $1.60 earnings per share. Eastman Chemical has set its Q3 2026 guidance at 1.970-1.970 EPS. On average, analysts predict that Eastman Chemical will post 6.43 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

EMN has been the topic of several research analyst reports. Mizuho set a $85.00 price target on shares of Eastman Chemical in a research note on Friday, May 1st. Royal Bank Of Canada lifted their target price on Eastman Chemical from $69.00 to $74.00 and gave the stock a “sector perform” rating in a report on Wednesday. Wall Street Zen upgraded Eastman Chemical from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. UBS Group increased their price target on Eastman Chemical from $89.00 to $92.00 and gave the company a “buy” rating in a research note on Monday. Finally, Wells Fargo & Company raised their price target on Eastman Chemical from $70.00 to $80.00 and gave the company an “equal weight” rating in a report on Monday, May 4th. Seven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $79.17.

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.