Eastman Board Declares Dividend

Rhea-AI Summary

The Board of Directors of Eastman Chemical Company (NYSE:EMN) has declared a quarterly cash dividend of $0.81 per share on the company's common stock. The dividend is payable on July 9, 2024, to stockholders of record as of June 17, 2024. Eastman, founded in 1920, is a global specialty materials company focused on enhancing the quality of life through innovative products in various sectors. The company's 2023 revenue was approximately $9.2 billion, and it employs around 14,000 people worldwide.

Positive

• Eastman Chemical Company declared a quarterly cash dividend of $0.81 per share, indicating a commitment to rewarding shareholders.
• The company's focus on innovative products and solutions in key end markets like transportation, building, and consumables positions it well for growth.
• Eastman's global presence with operations in over 100 countries demonstrates its robust international footprint and customer reach.

Negative

• None.

KINGSPORT, Tenn.--(BUSINESS WIRE)-- The Board of Directors of Eastman Chemical Company (NYSE:EMN) has declared a quarterly cash dividend of $0.81 per share on the company's common stock.

The dividend is payable July 9, 2024, to stockholders of record as of June 17, 2024.

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 14,000 people around the world and serves customers in more than 100 countries. The company had 2023 revenue of approximately $9.2 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/20240502079965/en/

Media: Tracy Kilgore Addington

423-224-0498 / tracy@eastman.com

Investors: Greg Riddle

212-835-1620 / griddle@eastman.com

Source: Eastman Chemical Company