Dividend Growth of Eastman Chemical Company(EMN)

Eastman Chemical Company(EMN) is having a Dividend Yield of 2.52% with the Annual cash Dividend per share of $1.89. The last quarter cash dividend per share pay out was $0.51. Eastman Chemical Company has a 5 year average dividend yield of 2.04% and the stock has a Indicated annual dividend of $2.04. Eastman Chemical Company(EMN) formally announced its most recent dividend on December 1, 2016 with a Dividend per share of $0.51. The new indicated annual dividend based on announced dividend per share is $2.04. The dividend yield based on the forward looking indicated annual dividend is 2.52%. Eastman Chemical Company(EMN) has the most recent dividend payout ratio of 0.3 with a 5-year average payout ratio of 0.23. Companys change in pay out ratio when compared to the last 5 years average pay out ratio has been 0.07. The 5 year historical dividend growth of Eastman Chemical Company(EMN) is at the rate of 15.18% while the R-Squared dividend growth is 0.97. If the value of R-Square is close to one, it indicates a perfect fit and the higher value conforms to the regression line while data close to zero indicates the opposite.

Eastman Chemical Company (NYSE:EMN) witnessed a decline in the market cap on Thursday as its shares dropped 0.35% or 0.28 points. After the session commenced at $80.86, the stock reached the higher end at $81.08 while it hit a low of $80.39. With the volume soaring to 917,811 shares, the last trade was called at $80.6. The company has a 52-week high of $81.08. The company has a market cap of $11,828 million and there are 146,750,870 shares in outstanding. The 52-week low of the share price is $60.6. Shares of Eastman Chemical Company rose by 2.7% in the last five trading days and 4.42% for the last 4 weeks. Eastman Chemical Company is up 8.4% in the last 3-month period. Year-to-Date the stock performance stands at 7.17%.

Currently the company Insiders own 1.1% of Eastman Chemical Company shares according to the proxy statements. Institutional Investors own 81.27% of Eastman Chemical Company shares. Company has reported several Insider transactions to the SEC, on Feb 15, 2017, Lewis M Kling (director) sold 4,000 shares at 80.08 per share price.On Feb 7, 2017, Curtis E Espeland (EVP & CFO) sold 17,100 shares at 78.00 per share price.On Feb 3, 2017, Robert M Hernandez (director) sold 8,000 shares at 77.75 per share price.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Company shares were Reiterated by Barclays on Jan 30, 2017 to Equal Weight, Raises Price Target to $ 85 from a previous price target of $80 .Eastman Chemical Company was Downgraded by Standpoint Research to Hold on Jan 24, 2017. Company shares were Reiterated by Cowen on Dec 23, 2016 to Outperform, Raises Price Target to $ 88 from a previous price target of $80 .

Eastman Chemical Company Last issued its quarterly earnings results on Jan 26, 2017. The company reported $1.51 EPS for the quarter, beating the analyst consensus estimate by $ 0.01. Analyst had a consensus of $1.50. The company had revenue of $2188.00 million for the quarter, compared to analysts expectations of $2141.08 million. The companys revenue was down -1.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.59 EPS.

Eastman Chemical Company is a global chemical company with a broad portfolio of chemical, plastic, and fiber products. The company manufactures and sells chemicals and specialty polymers supplied to the inks, coatings, adhesives, sealants, and textile industries; fine chemicals; performance chemicals and intermediates; specialty plastics; polyester plastics such as polyethylene terephthalate sold under the trademark EASTAPAK polymers; and fibers.


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