Eastman Chemical Co (Eastman Chemical Co) Dividend Payout Ratio : 0.62 (As of Dec. 2023)

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What is Eastman Chemical Co Dividend Payout Ratio?

Eastman Chemical Co's dividend payout ratio for the months ended in Dec. 2023 was 0.62.

The historical rank and industry rank for Eastman Chemical Co's Dividend Payout Ratio or its related term are showing as below:

EMN' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.21 Med: 0.3 Max: 0.5
Current: 0.5

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.

EMN's Dividend Payout Ratio is ranked worse than
63% of 919 companies
in the Chemicals industry
Industry Median: 0.38 vs EMN: 0.50

As of today (2024-04-25), the Dividend Yield % of Eastman Chemical Co is 3.30%.

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

Eastman Chemical Co's Dividends per Share for the months ended in Dec. 2023 was $0.81.

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.

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.

The growth rate is calculated with least square regression.

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

Eastman Chemical Co Dividend Payout Ratio Historical Data

The historical data trend for Eastman Chemical Co's Dividend Payout Ratio can be seen below:

* 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.

* Premium members only.

Eastman Chemical Co Dividend Payout Ratio Chart

Eastman Chemical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dividend Payout Ratio

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0.35

0.43

0.32

0.39

0.50

Eastman Chemical Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Dividend Payout Ratio	Get a 7-Day Free Trial															0.89	0.49	0.40	0.54	0.62

Competitive Comparison of Eastman Chemical Co's Dividend Payout Ratio

For the Specialty Chemicals subindustry, Eastman Chemical Co's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio 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's Dividend Payout Ratio Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Eastman Chemical Co's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Eastman Chemical Co's Dividend Payout Ratio falls into.

Eastman Chemical Co Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

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

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2023 )	/	EPS without NRI (A: Dec. 2023 )
	=	3.18	/	6.4
	=	0.50

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

Eastman Chemical Co (NYSE:EMN) Dividend Payout Ratio Explanation

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Eastman Chemical Co Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of Eastman Chemical Co's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Eastman Chemical Co (Eastman Chemical Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Eastman Chemical Co (NYSE:EMN) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

EMN:Mexico EAC:Germany

Address

200 South Wilcox Drive, Kingsport, TN, USA, 37662

Website

https://www.eastman.com

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