Eastman Increases Quarterly Dividend 15 Percent
(Thomson Reuters ONE) -
KINGSPORT, Tenn. Dec. 6, 2012 - The Board of Directors of Eastman Chemical
Company (NYSE: EMN) has increased the quarterly cash dividend by 15 percent to
$0.30 per share on the company's common stock. The dividend is payable December
31, 2012, to stockholders of record as of December 17, 2012.
"This third cash dividend increase in two years demonstrates the Board's
confidence in our ability to generate continued strong cash flows and earnings
growth," said Jim Rogers, chairman and CEO. "We remain committed to maintaining
a strong financial position as we execute our strategy to deliver consistent,
superior value."
Forward-Looking Statements: This news release includes forward-looking
statements concerning current expectations for future cash flows and earnings.
Such expectations are based upon certain preliminary information, internal
estimates, and management assumptions, expectations, and plans, and are subject
to a number of risks and uncertainties inherent in projecting future conditions,
events, and results. Actual results could differ materially from expectations
expressed in the forward-looking statements if one or more of the underlying
assumptions or expectations prove to be inaccurate or are unrealized. Important
factors that could cause actual results to differ materially from such
expectations are and will be detailed in the company's filings with the
Securities and Exchange Commission, including the Form 10-Q filed for third
quarter 2012 available on the Eastman web site at www.eastman.com in the
Investors, SEC filings section.
Eastman is a global specialty chemicals company that produces a broad range of
advanced materials, additives and functional products, specialty chemicals and
fibers that are found in products people use every day. As a world leader in the
diverse markets it serves, Eastman is focused on delivering innovative and
technology-based solutions while maintaining its commitment to safety and
sustainability. Serving customers in approximately 100 countries, Eastman had
2011 pro forma revenues, giving effect to the Solutia acquisition, of
approximately $9.3 billion. The company is based in Kingsport, Tenn., and, with
the completion of the Solutia acquisition, now employs approximately 13,500
people around the world. For more information, visit www.eastman.com.
# # #
Contacts:
Media: Tracy Kilgore Broadwater
423-224-0498 / tkbroadwater(at)eastman.com
Investors: Greg Riddle
212-835-1620 / griddle(at)eastman.com
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Eastman Chemical Company via Thomson Reuters ONE
[HUG#1663243]
Unternehmensinformation / Kurzprofil:
Datum: 06.12.2012 - 20:54 Uhr
Sprache: Deutsch
News-ID 210621
Anzahl Zeichen: 3405
contact information:
Town:
Kingsport
Kategorie:
Business News
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