Eastman Chemical Stock To Go Ex-dividend Tomorrow (EMN)

NEW YORK ( TheStreet) -- The ex-dividend date for Eastman Chemical Company (NYSE: EMN) is tomorrow, March 13, 2012. Owners of shares as of market close today will be eligible for a dividend of 26 cents per share. At a price of $52.06 as of 9:30 a.m. ET, the dividend yield is 2%.

The average volume for Eastman Chemical has been 1.6 million shares per day over the past 30 days. Eastman Chemical has a market cap of $6.49 billion and is part of the basic materials sector and chemicals industry. Shares are up 33.3% year to date as of the close of trading on Friday.

Eastman Chemical Company, a chemical company, engages in the manufacture and sale of chemicals, plastics, and fibers in the United States and internationally. The company has a P/E ratio of 11.4, above the average chemicals industry P/E ratio of 10.9 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Eastman Chemical as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Eastman Chemical Ratings Report.

See our dividend calendar or top-yielding stocks list.
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