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

NEW YORK ( TheStreet) -- The ex-dividend date for Eastman Chemical Company (NYSE: EMN) is tomorrow, June 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 $46.36 as of 10 a.m. ET, the dividend yield is 2.2%.

The average volume for Eastman Chemical has been 2.1 million shares per day over the past 30 days. Eastman Chemical has a market cap of $6.58 billion and is part of the basic materials sector and chemicals industry. Shares are up 14.6% year to date as of the close of trading on Monday.

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, above the average chemicals industry P/E ratio of 10.7 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 revenue growth, notable return on equity, attractive valuation levels, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Eastman Chemical Ratings Report.

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