KINGSPORT, Tenn. Dec. 6, 2018 - The Board of Directors of Eastman Chemical Company (NYSE: EMN) has declared a quarterly cash dividend of $0.62 per share on the company's common stock, an 11 percent increase from $0.56 per share. The dividend is payable Jan. 4, 2019, to stockholders of record as of Dec. 17, 2018.
"Consistent with Eastman's focus on balanced and disciplined capital allocation and stockholder returns, I am pleased that the company has for the ninth consecutive year increased the dividend," said Curt Espeland, executive vice president and chief financial officer. "This action reflects the Board's confidence in our ability to deliver earnings growth and strong cash flow generation."
Eastman is a global advanced materials and specialty additives company that produces a broad range of products found in items people use every day. With a portfolio of specialty businesses, Eastman works with customers to deliver innovative products and solutions while maintaining a commitment to safety and sustainability. Its market-driven approaches take advantage of world-class technology platforms and leading positions in attractive end-markets such as transportation, building and construction, and consumables. Eastman focuses on creating consistent, superior value for all stakeholders. As a globally diverse company, Eastman serves customers in more than 100 countries and had 2017 revenues of approximately $9.5 billion. The company is headquartered in Kingsport, Tennessee, USA and employs approximately 14,000 people around the world. For more information, visit www.eastman.com.
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Media: Tracy Kilgore Addington
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Investors: Greg Riddle
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Source: Eastman Chemical Company via Globenewswire