Eastman Chemical Company (EMN) To Go Ex-Dividend on September 15th

Eastman Chemical Company (NYSE:EMN) declared a quarterly dividend on Thursday, August 6th. Shareholders of record on Tuesday, September 15th will be paid a dividend of 0.84 per share by the basic materials company on Wednesday, October 7th. This represents a c) annualized dividend and a yield of 4.9%. The ex-dividend date is Tuesday, September 15th.

Eastman Chemical has raised its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 15 years. Eastman Chemical has a dividend payout ratio of 40.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Eastman Chemical to earn $6.98 per share next year, which means the company should continue to be able to cover its $3.36 annual dividend with an expected future payout ratio of 48.1%.

Eastman Chemical Trading Down 0.5%

Eastman Chemical stock opened at $68.05 on Friday. Eastman Chemical has a 12 month low of $56.11 and a 12 month high of $83.47. The company has a market capitalization of $7.78 billion, a price-to-earnings ratio of 17.72, a price-to-earnings-growth ratio of 0.84 and a beta of 1.07. The business’s fifty day simple moving average is $70.75 and its two-hundred day simple moving average is $71.90. The company has a current ratio of 1.50, a quick ratio of 0.76 and a debt-to-equity ratio of 0.72.

Eastman Chemical (NYSE:EMN) last posted its quarterly earnings results on Thursday, July 30th. The basic materials company reported $1.97 EPS for the quarter, beating analysts’ consensus estimates of $1.82 by $0.15. Eastman Chemical had a net margin of 4.99% and a return on equity of 9.46%. The firm had revenue of $2.51 billion for the quarter, compared to analysts’ expectations of $2.40 billion. During the same quarter in the prior year, the company posted $1.60 earnings per share. The business’s revenue for the quarter was up 9.9% on a year-over-year basis. Eastman Chemical has set its Q3 2026 guidance at 1.970-1.970 EPS. As a group, equities analysts predict that Eastman Chemical will post 6.48 earnings per share for the current fiscal year.

Eastman Chemical News Roundup

Here are the key news stories impacting Eastman Chemical this week:

• Positive Sentiment: KeyCorp projects Eastman’s earnings will increase from $6.30 per share in fiscal 2026 to $6.70 in 2027 and $7.90 in 2028, indicating a recovery in profitability over the longer term.
• Neutral Sentiment: KeyCorp maintained a “Sector Weight” rating and estimated third-quarter 2026 EPS of $1.94 and fourth-quarter EPS of $1.30. These forecasts provide limited evidence of a near-term catalyst. KeyCorp earnings estimates
• Neutral Sentiment: Analysts collectively give Eastman Chemical an average “Hold” recommendation, suggesting expectations are balanced rather than strongly bullish or bearish. Eastman Chemical receives average Hold recommendation
• Negative Sentiment: Wall Street Zen downgraded EMN to “Hold,” reinforcing cautious sentiment and potentially weighing on the stock as investors reassess its near-term upside. Eastman Chemical downgraded to Hold
• Negative Sentiment: KeyCorp’s fiscal 2026 EPS estimate of $6.30 is below the broader consensus of approximately $6.48–$6.50, signaling expectations for weaker near-term earnings than the market currently anticipates.

About Eastman Chemical

Eastman Chemical Company (NYSE: EMN) is a global specialty materials company that develops and manufactures products used in transportation, building and construction, consumer goods, packaging, personal care, and other markets. The company serves customers through a portfolio of specialty polymers, additives, advanced materials, chemical intermediates, and fibers.

Its products include Tritan copolyester used in durable consumer and medical applications, Saflex interlayers for laminated glass, cellulose esters for coatings and plastics, and specialty additives used in coatings, adhesives, lubricants, and personal care products.