Fibres
Search documents
Shareholders to Receive Increased Dividend as Eastman (EMN) Extends 16-Year Streak
Yahoo Finance· 2025-12-10 01:42
Core Insights - Eastman Chemical Company (NYSE:EMN) has declared a 1.2% increase in its quarterly dividend to $0.84 per share, extending its dividend growth streak to 16 years [2] - The company generated $402 million in operating cash flow in Q3 2025, an increase from $396 million in the same period last year, and distributed $146 million to shareholders through dividends and share repurchases [2] - Eastman is targeting $100 million in cost cuts for 2026, in addition to $75 million already achieved this year, to maintain strong cash generation and shareholder returns [2] Financial Performance - The quarterly dividend increase reflects the company's commitment to delivering value to shareholders and maintaining consistent earnings [2] - Operating cash flow for Q3 2025 was $402 million, showing a year-over-year growth [2] - Shareholder distributions included $146 million through dividends and share repurchases [2] Strategic Focus - Eastman Chemical Company prioritizes cash generation and has implemented cost reduction measures to enhance financial performance [2] - The company aims to achieve $100 million in cost cuts for 2026, building on previous cost-saving efforts [2]