Eastman Chemical Dividend yield




   USD/share 
 Price  112.06
 Dividend  3.04
 Earnings  7.18
 Cash-flow  12.05
 Book value  43.10
 Equity  43.52

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 paid a total dividend of 407 million USD last year, for a market value of 15,016 millions (Market Cap 14,971 millions). Dividend per share of Eastman Chemical is 3.04 USD, and his stock market price 112.06 USD.

According to the chart below, where dividend yield is displayed, Eastman Chemical has a dividend yield of 2.71%, 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 dividend yield with other Chemicals companies or firms from USA.

Dividend yield of Eastman Chemical

Eastman Chemical Dividend Payout

About the ability of Eastman Chemical to maintain his current dividend of USD 3.04 per share, an amount that accounts for 2.71%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Eastman Chemical payout on ernings is currently 42.34%, which is higher than the market average, and companies of Basic Materials industry, which are 38.25% and 40.37% 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 12.05 per share, which is higher than the dividend per share paid by the company of USD 3.04, 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

Year Yield  USD  Paypout  Shares* 
Present2.71%3.0442.34%134
20212.51%3.0367.18%134
20202.75%2.7640.71%136
20193.33%2.6429.63%137
20183.15%2.3026.74%141
20172.42%2.2431.91%146
20162.45%1.8427.18%149
20152.20%1.6028.42%149

*In millions

Eastman Chemical Stock performance

Finally, last moth Eastman Chemical showed a return of -5.40% compared to a worldwide 1.12% average, and a 3.95% of Basic Materials firms. Over the last year, the company obtained a 1.80% versus a worldwide performance of a 5.73%. More detailed information can be seen in the following graph for USA and Chemicals firms.

Eastman Chemical stock and market return