Eastman Board Declares Dividend

Rhea-AI Summary

The Board of Directors of Eastman Chemical Company (NYSE:EMN) has declared a quarterly cash dividend of $0.76 per share. This dividend is scheduled for payment on April 1, 2022, to stockholders of record as of March 15, 2022.

Founded in 1920, Eastman is a global specialty materials company focused on enhancing quality of life through innovative products in various end-markets, including transportation and construction.

Positive

• Quarterly cash dividend of $0.76 per share announced.
• Dividend payment scheduled for April 1, 2022, indicates strong shareholder return.

Negative

• None.

KINGSPORT, Tenn.--(BUSINESS WIRE)-- The Board of Directors of Eastman Chemical Company (NYSE:EMN) has declared a quarterly cash dividend of $0.76 per share on the company's common stock.

The dividend is payable April 1, 2022, to stockholders of record as of March 15, 2022.

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 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/20220222006223/en/

Media: Tracy Kilgore Addington

423-224-0498 / tracy@eastman.com

Investors: Greg Riddle

212-835-1620 / griddle@eastman.com

Source: Eastman Chemical Company

FAQ

What is the dividend amount declared by Eastman Chemical Company?

Eastman Chemical Company has declared a quarterly cash dividend of $0.76 per share.

When will the dividend be paid to shareholders of EMN?

The dividend will be payable on April 1, 2022.

What is the record date for the dividend payment for EMN?

The record date for the dividend payment is March 15, 2022.

How does the dividend impact EMN shareholders?

The dividend provides a direct income return to shareholders, reflecting the company's financial stability.