Eastman Chemical stock dividend – Eastman Chemical Company Declares Quarterly Dividend of $0.79 Per Share, Yielding 3.58%

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Eastman Chemical stock dividend – This dividend is payable on April 10th to shareholders of record on March 15th and will be ex-dividend on March 14th. For more information, please refer to Eastman Chemical ($NYSE:EMN)’s Dividend Scorecard, Yield Chart, and Dividend Growth. Eastman Chemical Company is a leading global specialty chemical company that produces a broad range of advanced materials, additives and specialty chemicals. It offers a wide portfolio of products for customers in a variety of industries including automotive, packaging, construction, consumer and industrial markets. The company also manufactures and supplies products such as resins and additives, adhesives and sealants, fuels and chemicals, performance coatings, and specialty plastics.

The company’s stock has been gaining in value since the last quarterly dividend announcement. The stock has also been more volatile than the overall market, making it attractive for investors who like to take on more risk for potential reward. Eastman Chemical has been steadily increasing its dividend payout over the last several years, making it an attractive choice for investors who are looking for stable income without sacrificing too much potential growth. For those interested in investing in Eastman Chemical Company, its dividend scorecard, yield chart, and dividend growth make it easy to compare the company’s returns to its peers. With its consistent dividend payout and potentially rewarding stock performance, it is an option worth considering for investors looking for a reliable source of income along with potential capital appreciation.

Dividends – Eastman Chemical stock dividend

This is an increase from their previous annual dividend per share of 3.07 USD for the last three years. Despite the increase, the dividend yield of 3.02% is still lower than what has been issued in the past few years. For those interested in dividend investing, Eastman Chemical could be an attractive option. The company has a long history of paying a consistent dividend and has a solid track record of increasing payouts.

Additionally, the stock currently has a lower-than-average yield, making it an affordable way to access dividend income. The company’s outlook remains positive, as they are well-positioned to benefit from the global economic recovery and increased demand for chemical products. The company has a diverse portfolio of products which ranges from basic chemicals to specialty products and services. This is expected to enable them to remain profitable and continue to pay dividends in the future. Eastman Chemical also offers a strong balance sheet and has no long-term debt obligations. This allows them to retain cash for reinvestment and helps to maintain their strong credit rating. This should help them to remain financially stable, even during uncertain economic times. Overall, for those looking for a reliable dividend stock, Eastman Chemical is certainly worth considering. The company also offers potential upside due to its diverse product offerings and strong balance sheet. With all these factors in mind, Eastman Chemical makes for a smart investment choice.

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Eastman Chemical. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Eastman Chemical. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Eastman Chemical. More…

Key Ratios Snapshot

Some of the financial key ratios for Eastman Chemical are shown below. More…

Share Price

The company’s stock opened on Tuesday at $88.0 and closed at $88.4, representing a decrease of 0.2% from the previous closing price of $88.5. Eastman Chemical Company is a global specialty chemical company that produces a broad range of advanced materials, chemicals, and fibers. Its products are used in a wide range of consumer and industrial applications. The company recently reported a 15% increase in net income for its fourth quarter earnings, driven by higher sales and cost reduction initiatives.

Eastman Chemical Company’s dividend reflects its commitment to providing attractive returns to shareholders and its strong financial position. Investors looking for regular income should consider investing in the company’s stock. Live Quote…

Analysis – Eastman Chemical Intrinsic Value

GoodWhale has conducted an analysis of the company’s fundamentals in order to assess its value. The resulting Valuation Line calculated an intrinsic value of $117.8 per share. This suggests that Eastman Chemical is currently being traded at $88.4, or 24.9% below its intrinsic value. This suggests that the stock is undervalued and may be a good opportunity for investors wanting to capitalize on its potential. In the analysis, GoodWhale considered a number of factors, such as the company’s future growth prospects, competitive advantages, balance sheet strength, and potential catalysts. Additionally, the Valuation Line takes into account the current market situation to identify any potential risks associated with the investment. Overall, GoodWhale’s analysis shows that Eastman Chemical is currently trading below its intrinsic value. Thus, investors may find it an attractive option for capitalizing on the company’s potential and taking advantage of its undervaluation. More…

Peers

Eastman Chemical Co is one of the world’s leading producers of chemicals and related products, with manufacturing facilities in over 30 countries. Its main competitors are Indo Amines Ltd, Deepak Nitrite Ltd, and TECIL Chemicals & Hydro Power Ltd.

– Indo Amines Ltd ($BSE:524648)

Indo Amines Ltd is a publicly traded company with a market capitalization of 8.96 billion as of 2022. The company has a return on equity of 16.75%. Indo Amines Ltd is engaged in the business of manufacturing and selling amino acids and their derivatives. The company’s products are used in a variety of industries, including pharmaceuticals, animal feed, food and beverages, and agriculture.

– Deepak Nitrite Ltd ($BSE:506401)

Deepak Nitrite Ltd is an Indian company that manufactures and sells chemicals. The company has a market cap of 305.73B as of 2022 and a Return on Equity of 25.76%. Deepak Nitrite Ltd is a publicly traded company listed on the Bombay Stock Exchange. The company has a diversified product portfolio and manufactures a wide range of chemicals including inorganic and organic chemicals, pigments, and dyes.

Summary

The company has an impressive track record of consistent dividend payments, making it an attractive choice for income-seeking investors. Furthermore, the company has gained ground with investors in recent months due to its strong earnings, solid balance sheet and financials, as well as its diversified range of products and services.