Eastman Chemical Company (EMN) to Issue Quarterly Dividend of $0.84 on July 8th

Eastman Chemical Company (NYSE:EMN) announced a quarterly dividend on Thursday, May 7th. Stockholders 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 dividend yield of 4.6%. The ex-dividend date is Monday, June 15th.

Eastman Chemical has increased its dividend by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 15 consecutive years. Eastman Chemical has a dividend payout ratio of 40.4% meaning its dividend is sufficiently covered by earnings. Equities 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 Stock Down 0.1%

EMN opened at $73.63 on Friday. The firm’s 50-day simple moving average is $72.46 and its 200-day simple moving average is $68.43. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.63 and a current ratio of 1.47. Eastman Chemical has a twelve month low of $56.11 and a twelve month high of $84.18. The firm has a market cap of $8.42 billion, a price-to-earnings ratio of 21.34, a PEG ratio of 0.94 and a beta of 1.04.

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