Eastman Board Declares Dividend

Rhea-AI Summary

The Board of Directors of Eastman Chemical Company (NYSE:EMN) declared a quarterly cash dividend of $0.76 per share.

This dividend is payable on Oct. 7, 2022, to stockholders recorded as of Sept. 15, 2022. Founded in 1920, Eastman is a global specialty materials company with 2021 revenue of approximately $10.5 billion, employing around 14,000 people worldwide.

Positive

• Quarterly cash dividend of $0.76 per share indicates strong cash flow.
• Company reported revenue of approximately $10.5 billion in 2021.

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 Oct. 7, 2022, to stockholders of record as of Sept. 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 had 2021 revenue of approximately $10.5 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/20220804006024/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 in 2022?

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

When is the dividend payment date for EMN?

The dividend is payable on October 7, 2022.

What is the record date to receive the dividend for Eastman Chemical Company?

The record date to receive the dividend is September 15, 2022.

What was Eastman Chemical Company's revenue in 2021?

Eastman Chemical Company reported a revenue of approximately $10.5 billion in 2021.