Eastman Chemical Dividend yield

 Price  85.01
 Dividend  3.16
 Earnings  7.39
 Cash-flow  8.17
 Book value  42.51
 Equity  45.62

Eastman Chemical is part of Chemicals business, which is part of Basic Materials industry. Eastman Chemical is a company from USA, and his stocks are publicly traded.

Eastman Chemical stock dividend

Eastman Chemical paid a total dividend of 376 million USD last year, for a market value of 10,116 millions (Market Cap 10,057 millions). Eastman Chemical dividend per share is 3.16 USD, and his stock market price 85.01 USD.

According to the chart below, where dividend yield is displayed, Eastman Chemical has a dividend yield of 3.72%, which is similar to the amount offered by both the market average and companies from USA. However, it is lower than the average of Basic Materials industry. The company should be deeply analized because dividend yields should be similar among companies from the same industry unless they carry an opposite strategy.

In addition, you should compare Eastman Chemical stocks dividend with other Chemicals companies or other of the highest USA dividend stocks list.

Dividend yield of Eastman Chemical

Eastman Chemical Dividend Payout

About the ability of Eastman Chemical to maintain his current dividend of USD 3.16 per share, an amount that accounts for 3.72%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Eastman Chemical payout on ernings is currently 42.76%, which is higher than the market average, and companies of Basic Materials industry, which are 39.34% and 38.07% respectively. Both figures show that Eastman Chemical can have problems to keep with his present dividend yield.

The payout on earnings should be complemented with the payout on cash flow since it is this last amount the one which can be distributed to shareholders. Cash flow per share of Eastman Chemical is USD 8.17 per share, which is higher than the dividend per share paid by the company of USD 3.16, so the company generates enough cash to maintain his dividend in the future.

The following figure shows payout ratios over earnings and cashflow of Eastman Chemical, compared againt world market average, USA companies, Basic Materials industry and Chemicals sector companies.

Eastman Chemical payout

Eastman Chemical Dividend History

Below you will find a table with the historical evolution of Eastman Chemical's dividend stock, both in percentage and in USD, its Payout on Earnings and the number of shares (in case there is an split, number shares altered the dividend per share).

Year Yield  USD  Paypout  Shares* 

*In millions

Then you can see the evolution of Eastman Chemical dividend stock, and compare it with the average of USA stocks and that of the Chemicals stocks.

Eastman Chemical stock dividend history

Eastman Chemical Stock performance

Finally, last moth Eastman Chemical showed a return of -0.70% compared to a worldwide -2.49% average, and a -3.66% of Basic Materials firms. Over the last year, the company obtained a -6.60% versus a worldwide performance of a 8.71%. More detailed information can be seen in the following graph for USA and Chemicals firms.

Eastman Chemical stock and market return