Eastman Increases Dividend for 14th Consecutive Year
December 06 2023 - 3:10PM
Business Wire
The Board of Directors of Eastman Chemical Company (NYSE: EMN)
has declared an increase in the quarterly cash dividend from $0.79
to $0.81 per share on its common stock. The dividend is payable
Jan. 5, 2024, to stockholders of record as of Dec. 18, 2023.
“We remain committed to our long history of returning cash to
our stockholders, and I am pleased that we are increasing our
dividend for the 14th consecutive year,” said Willie McLain,
executive vice president and chief financial officer. “This action
reflects the Board’s confidence in our ability to deliver solid
earnings and continue our record of generating strong cash
flow.”
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 14,500 people
around the world and serves customers in more than 100 countries.
The company had 2022 revenue of approximately $10.6 billion and is
headquartered in Kingsport, Tennessee, USA. For more information,
visit www.eastman.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20231206168037/en/
Media: Tracy Kilgore Addington 423-224-0498 /
tracy@eastman.com
Investors: Greg Riddle 212-835-1620 / griddle@eastman.com
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