Eastman Chemical Company (EMN) to Issue Quarterly Dividend of $0.84 on July 8th

Eastman Chemical Company (NYSE:EMN) declared a quarterly dividend on Thursday, May 7th. Investors of record on Monday, June 15th will be given a dividend of 0.84 per share by the basic materials company on Wednesday, July 8th. This represents a c) annualized dividend and a yield of 4.5%. The ex-dividend date is Monday, June 15th.

Eastman Chemical has raised its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 15 consecutive years. Eastman Chemical has a dividend payout ratio of 40.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Eastman Chemical to earn $6.97 per share next year, which means the company should continue to be able to cover its $3.36 annual dividend with an expected future payout ratio of 48.2%.

Eastman Chemical Price Performance

EMN opened at $75.25 on Friday. The stock’s 50-day moving average price is $73.48 and its 200 day moving average price is $70.72. Eastman Chemical has a 12-month low of $56.11 and a 12-month high of $83.47. The company has a current ratio of 1.47, a quick ratio of 0.71 and a debt-to-equity ratio of 0.73. The firm has a market cap of $8.60 billion, a price-to-earnings ratio of 21.81, a PEG ratio of 0.93 and a beta of 1.04.

Eastman Chemical (NYSE:EMN) last posted its earnings results on Thursday, April 30th. The basic materials company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.02. Eastman Chemical had a return on equity of 8.88% and a net margin of 4.62%.The firm had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.17 billion. During the same quarter in the prior year, the company earned $1.91 EPS. Eastman Chemical’s revenue was down 4.9% on a year-over-year basis. Eastman Chemical has set its Q2 2026 guidance at 1.700-1.900 EPS. As a group, sell-side analysts expect that Eastman Chemical will post 6.36 earnings per share for the current year.

Institutional Investors Weigh In On Eastman Chemical

Large investors have recently bought and sold shares of the stock. Brighton Jones LLC purchased a new position in shares of Eastman Chemical in the 4th quarter valued at about $202,000. Integrated Wealth Concepts LLC increased its holdings in shares of Eastman Chemical by 185.6% in the 1st quarter. Integrated Wealth Concepts LLC now owns 6,686 shares of the basic materials company’s stock valued at $589,000 after acquiring an additional 4,345 shares during the last quarter. Millennium Management LLC increased its holdings in shares of Eastman Chemical by 69.2% in the 1st quarter. Millennium Management LLC now owns 194,052 shares of the basic materials company’s stock valued at $17,098,000 after acquiring an additional 79,376 shares during the last quarter. NewEdge Advisors LLC increased its holdings in shares of Eastman Chemical by 2.6% in the 1st quarter. NewEdge Advisors LLC now owns 7,310 shares of the basic materials company’s stock valued at $644,000 after acquiring an additional 183 shares during the last quarter. Finally, United Services Automobile Association purchased a new position in shares of Eastman Chemical in the 1st quarter valued at about $252,000. Hedge funds and other institutional investors own 83.65% of the company’s stock.

About Eastman Chemical

Eastman Chemical Company (NYSE: EMN) is a global specialty materials company that develops, manufactures and markets a broad range of advanced materials, chemicals and fibers. Its product portfolio spans performance additives, functional products, and engineered plastics designed to enhance the durability, appearance and performance of end products across diverse industries.

The company’s main business activities include the production of specialty chemicals used in adhesives, coatings, building materials and consumer care applications, as well as high-performance plastics for packaging, automotive and electronics markets.