Eastman Chemical (EMN) Raises Quarterly Dividend 15% to $0.46; 2.6% Yield

Eastman Chemical (NYSE: EMN) declared a quarterly dividend of $0.46 per share, or $1.84 annualized. This is a 15% increase from the prior dividend of $0.40.

The dividend will be payable on January 4, 2016, to stockholders of record on December 14, 2015, with an ex-dividend date of December 10, 2015.

The annual yield on the dividend is 2.6 percent.

"For the sixth consecutive year Eastman has increased the dividend," said Curt Espeland, executive vice president and chief financial officer. "We remain committed to increase the dividend as the company grows, and to deploy capital in a balanced and disciplined way. This action reflects the Board's confidence in continued earnings growth and strong cash flow."

For a dividend history and other dividend-related data on Eastman Chemical (EMN) click here.

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