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Eastman Chemical Company Dividends

EMN Stock Analysis

Page title

Section title

Dividend Yield
3.14%
Payout Ratio
42.37%
Dividend Amount Per Share
$3.22
Last Ex-Dividend Date
Sep 16, 2024

EMN Dividend Safety

EMN paid out 42.37% of its $894M earnings as dividends over the last 12 months.

Very Safe

  1. Very Unsafe

  2. Unsafe

  3. Somewhat Safe

  4. Safe

  5. Very Safe

Dividend Payout Ratio

EMN's Dividend Payout Ratio of 42.368% is considered safe for the Basic Materials sector, indicating that the company retains enough earnings to support business growth.

Interest Rate Coverage

EMN's Interest Coverage Ratio of 5.04 indicates strong financial health with easy coverage of interest expenses.

Income Quality

EMN shows excellent income quality with a ratio of 1.537. This indicates high-quality earnings and low risk of dividend cuts.

EMN Dividend Growth

Eastman Chemical Company(EMN) offers a dividend yield of 3.14% and pays $3.22 in dividends per share. Explore the historical dividend growth of EMN.

Dividend Stability

EMN has maintained stable dividend payments over the past 10 years with no cuts over 5%.

Dividend Growth

EMN's dividend payments have shown moderate growth, growing by 4.181% annually over the last 5 years.

Earnings Growth

EMN's earnings have shown moderate growth, growing by 3.328% annually over the last 5 years. Moderate growth indicates some stability but also potential uncertainty, suggesting that while dividends can continue, significant increases might be less likely.

EMN Dividend Yield Attractiveness

Eastman Chemical Company(EMN) provides a dividend yield of 3.14%. Compare this with the averages of its peers, industry, and sector to see how it stacks up.

Yield %

Peers

Industry

Sector

EMN

1.75%

2.14%

2.88%

3.14%

Dividend Yield

EMN's dividend yield of 3.14% is considered good compared to the sector average of 2.879%, providing a strong safety margin for investors.

EMN Cash Flow

Over the past 12 months, EMN generated $9B in revenue, produced $598M in free cash flow, and distributed $378M in dividends.

100%75%50%25%0%

Free Cash Flow Growth

EMN's free cash flow has decreased by -12.897% annually over the last 5 years, indicating a weak ability to generate cash and support dividend payments.

EMN Free Cash Flow and Dividends Paid

This chart shows the Free Cash Flow (FCF) and the portion of FCF used to pay dividends each year by Eastman Chemical Company. The filled portion of the bar represents the dividends paid, while the remaining portion represents the remaining FCF.