Eastman Chemical announces dividend and buyback

Thu, 02/17/2011 - 2:13pm
The Associated Press

Eastman Chemical Co. on Thursday declared a quarterly cash dividend of 47 cents and announced a $300 million share repurchase plan.

The company plans to pay the dividend April 1 to shareholders of record as of March 15.

The $300 million in share repurchases that Eastman's board has approved come on top of what's left under a separate $300 million buyback plan authorized in August.

The company said the moves reflect its confidence in its strong financial position and commitment to returning cash to shareholders.


Share this Story

You may login with either your assigned username or your e-mail address.
The password field is case sensitive.