Eastman Board Declares Dividend

Rhea-AI Summary

Eastman Chemical Company (NYSE:EMN) has announced a quarterly cash dividend of $0.79 per share. This dividend is payable on April 10, 2023, to stockholders on record as of March 15, 2023. Founded in 1920, Eastman is a global specialty materials company with 2022 revenues approximating $10.6 billion. The company prides itself on enhancing quality of life through innovation while maintaining a commitment to safety and sustainability. With about 14,500 employees worldwide, Eastman serves customers in over 100 countries, focusing on attractive end-markets including transportation and construction.

Positive

• Declared quarterly cash dividend of $0.79 per share, indicating strong cash flow and shareholder returns.
• 2022 revenues of approximately $10.6 billion demonstrate financial stability.

Negative

• None.

KINGSPORT, Tenn.--(BUSINESS WIRE)-- The Board of Directors of Eastman Chemical Company (NYSE:EMN) has declared a quarterly cash dividend of $0.79 per share on the company's common stock.

The dividend is payable April 10, 2023, to stockholders of record as of March 15, 2023.

Founded in 1920, Eastman is a global specialty materials company that produces a broad range of products found in items people use every day. With the purpose of enhancing the quality of life in a material way, Eastman works with customers to deliver innovative products and solutions while maintaining a commitment to safety and sustainability. The company’s innovation-driven growth model takes advantage of world-class technology platforms, deep customer engagement, and differentiated application development to grow its leading positions in attractive end-markets such as transportation, building and construction, and consumables. As a globally inclusive and diverse company, Eastman employs approximately 14,500 people around the world and serves customers in more than 100 countries. The company had 2022 revenues of approximately $10.6 billion and is headquartered in Kingsport, Tennessee, USA. For more information, visit www.eastman.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230214005862/en/

Media: Tracy Kilgore Addington

423-224-0498 / tracy@eastman.com



Investors: Greg Riddle

212-835-120 / griddle@eastman.com

Source: Eastman Chemical Company

FAQ

What is the dividend amount declared by Eastman Chemical Company for 2023?

Eastman Chemical Company has declared a quarterly cash dividend of $0.79 per share.

When will the dividend be paid to shareholders?

The dividend will be payable on April 10, 2023.

What is the record date for the Eastman Chemical Company's dividend?

The record date for the dividend is March 15, 2023.

How much did Eastman Chemical Company generate in revenue in 2022?

Eastman Chemical Company reported approximately $10.6 billion in revenue for 2022.