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Eastman Chemical Co (Eastman Chemical Co) 3-Year Dividend Growth Rate

: 6.00% (As of Dec. 2023)
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Eastman Chemical Co's Dividends per Share for the three months ended in Dec. 2023 was $0.81.

The historical rank and industry rank for Eastman Chemical Co's 3-Year Dividend Growth Rate or its related term are showing as below:

EMN' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: -7.2   Med: 7.85   Max: 15.4
Current: 6

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Eastman Chemical Co was 15.40% per year. The lowest was -7.20% per year. And the median was 7.85% per year.

EMN's 3-Year Dividend Growth Rate is ranked worse than
57.74% of 698 companies
in the Chemicals industry
Industry Median: 9.1 vs EMN: 6.00

During the past 12 months, Eastman Chemical Co's average Dividends Per Share Growth Rate was 3.60% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 6.00% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 6.70% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 9.70% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

Eastman Chemical Co's Dividend Payout Ratio for the three months ended in Dec. 2023 was 0.62. As of today, Eastman Chemical Co's Dividend Yield % is 3.33%.

Warning Sign:

Eastman Chemical Co stock dividend yield is close to 1-year low.

For more information regarding to dividend, please check our Dividend Page.


Competitive Comparison

For the Specialty Chemicals subindustry, Eastman Chemical Co's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Eastman Chemical Co 3-Year Dividend Growth Rate Distribution

For the Chemicals industry and Basic Materials sector, Eastman Chemical Co's 3-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where Eastman Chemical Co's 3-Year Dividend Growth Rate falls into.



Eastman Chemical Co 3-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.


Eastman Chemical Co  (NYSE:EMN) 3-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

Eastman Chemical Co's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Dec. 2023 )/ EPS without NRI (Q: Dec. 2023 )
=0.81/ 1.31
=0.62

During the past 13 years, the highest Dividend Payout Ratio of Eastman Chemical Co was 0.50. The lowest was 0.21. And the median was 0.30.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

Eastman Chemical Co Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 0.8102024-03-142024-03-152024-04-05Cash DividendquarterlyUSD:USD 1.000000
USD 0.8102023-12-152023-12-182024-01-05Cash DividendquarterlyUSD:USD 1.000000
USD 0.7902023-09-142023-09-152023-10-06Cash DividendquarterlyUSD:USD 1.000000
USD 0.7902023-06-142023-06-152023-07-07Cash DividendquarterlyUSD:USD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

Eastman Chemical Co's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=3.2/96.02
=3.33 %

Current Share Price is $96.02.
Eastman Chemical Co's Dividends per Share for the trailing twelve months (TTM) ended in Today is $3.2.

During the past 13 years, the highest Dividend Yield of Eastman Chemical Co was 6.17%. The lowest was 1.41%. And the median was 2.45%.

Warning Sign:

Eastman Chemical Co stock dividend yield is close to 1-year low.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Eastman Chemical Co 3-Year Dividend Growth Rate Related Terms>


Eastman Chemical Co (Eastman Chemical Co) Business Description

Traded in Other Exchanges
Address
200 South Wilcox Drive, Kingsport, TN, USA, 37662
Established in 1920 to produce chemicals for Eastman Kodak, Eastman Chemical has grown into a global specialty chemicals company with manufacturing sites around the world. The company generates the majority of its sales outside of the United States, with a strong presence in Asian markets. During the past several years, Eastman has sold noncore businesses, choosing to focus on higher-margin specialty product offerings.
Executives
Adrian James Holt officer: SVP, Chf HR Ofcr 200 SOUTH WILCOX DRIVE, KINGSPORT TN 37660
Julie A. Mcalindon officer: SVP SupChn,Regions&Transform 200 SOUTH WILCOX DRIVE, KINGSPORT TN 37660
Linnie M Haynesworth director 214 N TRYON STREET, CHARLOTTE NC 28202
Brian Travis Smith officer: SVP, Add & Funct Prod 200 SOUTH WILCOX DRIVE, KINGSPORT TN 37660
Eric L Butler director 1400 DOUGLAS STREET, STOP 1210, OMAHA NE 68179
Mark K Cox officer: Senior Vice President 200 SOUTH WILCOX DRIVE, KINGSPORT TN 37660
Christopher Moore Killian officer: SVP & CTO 200 SOUTH WILCOX DRIVE, KINGSPORT TN 37660
Stephen Glenn Crawford officer: SVP & CTO 200 SOUTH WILCOX DRIVE, KINGSPORT TN 37660
Michelle Renee Stewart officer: CAO & Controller 200 SOUTH WILCOX DRIVE, KINGSPORT TN 37660
Brad A Lich officer: Executive Vice President 200 SOUTH WILCOX DRIVE, KINGSPORT TN 37660
Mark J Costa director, officer: Chief Executive Officer 200 SOUTH WILCOX DRIVE, P.O. BOX 431, KINGSPORT TN 37660
Perry Stuckey officer: SVP, Chf HR Ofcr 200 SOUTH WILCOX DRIVE, KINGSPORT TN 37660
Scott V. King officer: VP, Finance & CAO 100 N. EASTMAN ROAD, B54, KINGSPORT TN 37660
Lucian Boldea officer: Senior Vice President 855 S. MINT STREET, CHARLOTTE NC 28202
Vanessa Allen Sutherland director 650 W PEACHTREE ST NW, ATLANTA GA 30308

Eastman Chemical Co (Eastman Chemical Co) Headlines