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Eastman Increases Dividend for 15th Consecutive Year

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Eastman Chemical Company (NYSE: EMN) has announced a quarterly dividend increase from $0.81 to $0.83 per share on its common stock, marking its 15th consecutive year of dividend growth. The dividend will be paid on January 8, 2025, to stockholders of record as of December 16, 2024.

The company, founded in 1920, reported revenue of approximately $9.2 billion in 2023. As a global specialty materials company, Eastman employs around 14,000 people worldwide and serves customers in more than 100 countries, focusing on transportation, building and construction, and consumables markets.

Eastman Chemical Company (NYSE: EMN) ha annunciato un aumento del dividendo trimestrale da $0,81 a $0,83 per azione sulle sue azioni ordinarie, segnando il 15° anno consecutivo di crescita del dividendo. Il dividendo sarà pagato l'8 gennaio 2025 agli azionisti registrati al 16 dicembre 2024.

Fondata nel 1920, l'azienda ha riportato ricavi di circa $9,2 miliardi nel 2023. Come azienda globale di materiali specializzati, Eastman impiega circa 14.000 persone in tutto il mondo e serve clienti in oltre 100 paesi, concentrandosi sui mercati dei trasporti, dell'edilizia e dei beni di consumo.

Eastman Chemical Company (NYSE: EMN) ha anunciado un aumento del dividendo trimestral de $0.81 a $0.83 por acción en sus acciones ordinarias, marcando su 15° año consecutivo de crecimiento en dividendos. El dividendo se pagará el 8 de enero de 2025 a los accionistas registrados hasta el 16 de diciembre de 2024.

Fundada en 1920, la empresa reportó ingresos de aproximadamente $9.2 mil millones en 2023. Como una empresa global de materiales especiales, Eastman emplea a alrededor de 14,000 personas en todo el mundo y atiende a clientes en más de 100 países, centrándose en los mercados de transporte, construcción y consumibles.

이스트먼 화학 회사 (NYSE: EMN)는 보통주 주당 배당금을 $0.81에서 $0.83으로 인상했다고 발표하며, 15년 연속 배당금 증가를 기록했습니다. 배당금은 2025년 1월 8일에 2024년 12월 16일 기준 주주에게 지급될 예정입니다.

1920년 설립된 이 회사는 2023년 약 $92억의 수익을 보고했습니다. 글로벌 특수 소재 회사인 이스트먼은 전 세계 약 14,000명의 직원을 고용하고 있으며 100개 이상의 국가에서 고객에게 서비스를 제공하며, 운송, 건설 및 소비재 시장에 집중하고 있습니다.

Eastman Chemical Company (NYSE: EMN) a annoncé une augmentation de son dividende trimestriel de 0,81 $ à 0,83 $ par action sur ses actions ordinaires, marquant ainsi sa 15e année consécutive de croissance des dividendes. Le dividende sera versé le 8 janvier 2025 aux actionnaires enregistrés au 16 décembre 2024.

Fondée en 1920, l'entreprise a déclaré des revenus d'environ 9,2 milliards de dollars en 2023. En tant qu'entreprise mondiale de matériaux spécialisés, Eastman emploie environ 14 000 personnes dans le monde et sert des clients dans plus de 100 pays, en se concentrant sur les marchés des transports, de la construction et des produits de consommation.

Eastman Chemical Company (NYSE: EMN) hat eine Erhöhung der vierteljährlichen Dividende von $0,81 auf $0,83 pro Aktie ihrer Stammaktien bekannt gegeben, was das 15. Jahr in Folge des Dividendenwachstums markiert. Die Dividende wird am 8. Januar 2025 an die Aktionäre ausgezahlt, die am 16. Dezember 2024 registriert sind.

Das 1920 gegründete Unternehmen berichtete 2023 von Einnahmen in Höhe von etwa $9,2 Milliarden. Als globales Unternehmen für Spezialmaterialien beschäftigt Eastman weltweit etwa 14.000 Mitarbeiter und bedient Kunden in mehr als 100 Ländern mit Fokus auf die Märkte für Transport, Bau und Konsumgüter.

Positive
  • 15th consecutive year of dividend increases, demonstrating consistent financial strength
  • 2.5% dividend increase from $0.81 to $0.83 per share
  • Strong market presence with operations in over 100 countries
  • Substantial annual revenue of $9.2 billion in 2023
Negative
  • None.

KINGSPORT, Tenn.--(BUSINESS WIRE)-- The Board of Directors of Eastman Chemical Company (NYSE: EMN) has declared an increase in the quarterly cash dividend from $0.81 to $0.83 per share on its common stock. The dividend is payable Jan. 8, 2025, to stockholders of record as of Dec. 16, 2024.

“We are proud to continue our strong tradition of returning value to our stockholders by increasing our dividend for the 15th year in a row,” stated Willie McLain, executive vice president and chief financial officer. “This increase demonstrates the Board's confidence in our consistent earnings performance and robust cash flow generation.”

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.

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 Eastman Chemical's (EMN) new quarterly dividend amount?

Eastman Chemical's new quarterly dividend is $0.83 per share, increased from $0.81.

When will Eastman Chemical (EMN) pay its next dividend?

Eastman Chemical will pay its next dividend on January 8, 2025, to stockholders of record as of December 16, 2024.

How many consecutive years has Eastman Chemical (EMN) increased its dividend?

Eastman Chemical has increased its dividend for 15 consecutive years.

What was Eastman Chemical's (EMN) revenue in 2023?

Eastman Chemical reported revenue of approximately $9.2 billion in 2023.

Eastman Chemical Company

NYSE:EMN

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10.65B
115.04M
0.67%
89.49%
1.78%
Specialty Chemicals
Plastic Materials, Synth Resins & Nonvulcan Elastomers
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United States of America
KINGSPORT