Eastman Chemical raises quarterly dividend 4% to 79c per share

The Board of Directors of Eastman Chemical Company has declared a quarterly cash dividend of 79c per share on the company’s common stock, a 4% increase from 76c per share. The dividend is payable Jan. 6, 2023, to stockholders of record as of Dec. 15, 2022. "With this increase, Eastman has raised the dividend for 13 consecutive years, demonstrating the Board’s confidence in our ability to generate strong earnings and cash flows," said Willie McLain, senior vice president and chief financial officer. "This action also reflects Eastman’s commitment to returning cash to our stockholders and to maintaining a strong financial position as we execute our innovation-driven growth strategy."