Eastman Chemical Company (NYSE:EMN) will begin trading ex-dividend on September 14, 2020. The quarterly dividend payment of $ 0.66 per share is scheduled to be paid on October 2, 2020. The dividend yield based on the latest trading day closing price was 3.36 %. To secure the dividend payout, investors must buy the stock prior to the ex-dividend date..
Dividends History
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Eastman Chemical Company recently reported first quarter financial results on April 30, 2020, after market close, specialty chemical manufacturer disclosed income for the first quarter of $ 2.03 per share, from the revenue of $ 2,241.00 million. The quarterly earnings swell 14.69 percent while revenues fell 13.17 percent compared with the same quarter last year.
Wall street analysts are predicting, EMN to report 1Q20 income of $ 1.70 per share from revenue of $ 2257.68 million. The bottom line results beat street analysts by $ 0.33 or 19.41 percent, at the same time, top line results fell short of analysts by $ 16.68 million or 0.74 percent.
Stock Performance
Shares of Eastman Chemical Company traded low $ -1.30 or -1.63 percent on Thursday, reaching $ 78.50 with volume of 1.03 million shares. Eastman Chemical Company has traded high as $ 80.19 and has cracked $ 78.19 on the downward trend
According to the previous trading day, closing price of $ 78.50, representing a 131.71 % increase from the 52 week low of $ 34.44 and a 4.99 % decrease over the 52 week high of $ 83.99.
The company has a market capital of $ 10.82 billion and is part of the Basic Materials sector and Chemicals industry.
Eastman Chemical Company operates as an advanced materials and specialty additives company worldwide. The companys Additives & Functional Products segment offers specialty coalescent, specialty and commodity solvents, paint additives, and specialty polymers; hydrocarbon and rosin resins; insoluble sulfur and anti-degradant rubber additives; performance resins; amine derivative-based building blocks; heat transfer and aviation fluids; organic acid-based solutions; and metam-based soil fumigants, thiram and ziram based fungicides, and plant growth regulators. It serves the transportation, consumables, building and construction, animal nutrition, crop protection, energy, personal and home care, and other markets.
