Why Eastman Chemical (EMN) is a Top Dividend Stock for Your Portfolio

Company Overview - Eastman Chemical (EMN) is headquartered in Kingsport and operates in the Basic Materials sector [6] - The stock has experienced a price change of 15.23% since the beginning of the year [6] Dividend Information - Eastman Chemical currently pays an annualized dividend of $3.24, reflecting a 1.9% increase from the previous year [3] - Over the last 5 years, the company has increased its dividend 5 times, averaging an annual increase of 6.14% [3] - The current payout ratio for Eastman Chemical is 51%, indicating that it pays out 51% of its trailing 12-month earnings per share as dividends [3] Comparison with Industry - Eastman Chemical's dividend yield is 3.13%, which is significantly higher than the Chemical - Diversified industry's yield of 1.71% and the S&P 500's yield of 1.59% [6] Earnings Growth - The Zacks Consensus Estimate for Eastman Chemical's earnings for the fiscal year 2024 is $7.75 per share, representing a year-over-year growth rate of 21.09% [7]