Eastman Chemical hikes dividend by 10.1%

On December 2, 2021, Eastman Chemical (EMN) announced that it will raise its quarterly dividend by 10.1 percent to 76 cents. This marks the 12th consecutive year of dividend increases by the materials and specialty additives company.

The next EMN dividend is payable January 7, 2021, to stockholders of record as of December 15, 2021.

Eastman Chemical Company (Eastman) is a global advanced materials and specialty additives company. The company's operating segments are: Additives & Functional Products ("AFP"), Advanced Materials ("AM"), Chemical Intermediates ("CI"), and Fibers. Through AFP Eastman manufactures chemicals for products in the transportation, consumables, building and construction, animal nutrition, crop protection, energy, personal and home care, and other markets. AM produces and markets polymers, films, and plastics. The CI segment leverages large scale and vertical integration from the cellulose and acetyl, olefins, and alkylamines streams. In the Fibers segment, Eastman manufactures acetate tow and triacetin plasticizers for use in filtration media, primarily cigarette filters. Eastman began business in 1920 for the purpose of producing chemicals for Eastman Kodak Company's photographic business and became a public company, incorporated in Delaware, on December 31, 1993.