Business News

Eastman Increases Quarterly Dividend 7 Percent

Friday 03. December 2010 - The Board of Directors of Eastman Chemical Company (NYSE: EMN) has increased the quarterly cash dividend by 7 percent to $0.47 per share on the company's common stock. The dividend is payable January 3, 2011, to stockholders of record as of December 13, 2010.

“This first increase in the dividend since 1996 demonstrates the Board’s confidence in our ability to deliver consistently strong earnings from our core businesses and higher returns for stockholders,” said Jim Rogers, president and chief executive officer. “We remain committed to maintaining a strong financial position as we execute our strategy to achieve sustained, profitable growth.”