Eastman Board Increases Dividend for Ninth Consecutive Year
December 06 2018 - 4:02PM
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.
# # #
Contacts:
Media: Tracy Kilgore Addington
423-224-0498 / tracy@eastman.com
Investors: Greg Riddle
212-835-1620 / griddle@eastman.com
This
announcement is distributed by West Corporation on behalf of West
Corporation clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Eastman Chemical Company via Globenewswire
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