Eastman Board Increases Dividend 15 Percent
(Thomson Reuters ONE) -
Dividend increased for sixth consecutive year
KINGSPORT, Tenn. Dec. 3, 2015 - The Board of Directors of Eastman Chemical
Company (NYSE: EMN) has increased the quarterly cash dividend by 15 percent to
$0.46 per share on the company's common stock. The dividend is payable January
4, 2016 to stockholders of record as of December 14, 2015.
"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."
Eastman is a global specialty chemical company that produces a broad range of
products found in items people use every day. With a portfolio of specialty
businesses, Eastman works with customers to deliver innovative products and
solutions while maintaining a commitment to safety and sustainability. Its
market-driven approaches take advantage of world-class technology platforms and
leading positions in attractive end-markets such as transportation, building and
construction, and consumables. Eastman focuses on creating consistent, superior
value for all stakeholders. As a globally diverse company, Eastman serves
customers in approximately 100 countries and had 2014 revenues of approximately
$9.5 billion. The company is headquartered in Kingsport, Tennessee, USA and
employs approximately 15,000 people around the world. For more information,
visit www.eastman.com.
# # #
Contacts:
Media: Tracy Kilgore
423-224-0498 / tjkilgore(at)eastman.com
Investors: Greg Riddle
212-835-1620 / griddle(at)eastman.com
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire 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 GlobeNewswire
[HUG#1970934]
Unternehmensinformation / Kurzprofil:
Datum: 03.12.2015 - 22:34 Uhr
Sprache: Deutsch
News-ID 437563
Anzahl Zeichen: 2550
contact information:
Town:
Kingsport
Kategorie:
Business News
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