English | 简体中文 | 繁體中文 | 한국어 | 日本語
Friday, 7 December 2018, 07:30 HKT/SGT
Share:
    

Source: Eastman Chemical Company
Eastman Board Increases Dividend for Ninth Consecutive Year

Kingsport, Tenn., USA, Dec 7, 2018 - (ACN Newswire) - 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 / [email protected]

Investors: Greg Riddle
212-835-1620 / [email protected]

###

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

Topic: Press release summary

http://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2019 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

 

Eastman Chemical Company Releated News
May 9, 2019 06:00 HKT/SGT
Mark Costa to address the Goldman Sachs Industrials & Materials Conference
May 3, 2019 08:00 HKT/SGT
Eastman Board Declares Dividend
May 3, 2019 08:00 HKT/SGT
Eastman Announces 2019 Annual Meeting Stockholder Vote Results
Apr 26, 2019 08:00 HKT/SGT
Eastman Announces First-Quarter 2019 Financial Results
Apr 10, 2019 07:00 HKT/SGT
Eastman Receives Eighth Consecutive ENERGY STAR(R) Partner of the Year Award
More news >>
Copyright © 2019 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Privacy Policy | Terms of Use | RSS
US: +1 800 291 0906 | Beijing: +86 400 879 3881 | Hong Kong: +852 8192 4922 | Singapore: +65 6653 1210 | Tokyo: +81 3 6859 8400