Eastman Chemical Company
EMNBasic Materials · Stock · quarterly payer
Forward Yield
4.66%
Annual Dividend
$3.36
Payout Ratio
87%
5-Yr Growth
4.5%
Ex-Date
Sep 15, 2026
Frequency
Quarterly
Summary
As of September 2026, Eastman Chemical Company (EMN) yields 4.66% ($3.36 per share annually), with a blended fair-value estimate of $95.58 — +31% upside, so it screens as undervalued. Dividend safety grade: A (86/100). 16 years of dividend growth.
Is EMN a good dividend stock?
YesEastman Chemical Company (EMN) pays a quarterly dividend yielding 4.66% ($3.36/yr), with 16 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- 16 consecutive years of dividend growth
- Never cut its dividend on record
- Top-tier dividend safety score
Risks
- Elevated payout ratio (87%)
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 4.66%
- Payout Ratio
- 87%
- Annual Dividend
- $3.36
- 5-Yr Avg Growth
- 4.5%
- Ex-Dividend Date
- Sep 15, 2026
- Years of Growth
- 16
- Frequency
- quarterly
- Beta
- 1.08
- Market Cap
- $8.1B
- P/E Ratio
- 18.4
- 5-Yr Total Return
- -28%
- 52-Week Range
- $56.11 – $83.47
- Dividend Safety
- A · 86/100
- Ever Cut?
- No
Frequently Asked Questions
EMN Price — Last 12 Months
Daily close
Price Return
1 Year
+16%
3 Years
-5%
5 Years
-28%
52-Week Range
$56.11 – $83.47
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is EMN worth?
Undervaluedmedium confidenceOur blended fair-value estimate for Eastman Chemical Company is $95.58 per share, versus a market price of $73.03. That implies 31% of upside — a margin of safety of about 24%.
Fair Value
$95.58
Current Price
$73.03
Upside
+31%
Margin of Safety
24%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 15.0% annual free-cash-flow growth. We model 18.5% — below our estimate, leaving room for upside if the business executes.
Assumptions: 9.7% discount rate (CAPM), 18.5% stage-1 growth, 2.5% terminal growth, $3.86 EPS, $3.36 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
EMN Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jun 15, 2026 | — | $0.8400 | regular |
| Mar 13, 2026 | — | $0.8400 | regular |
| Dec 15, 2025 | — | $0.8400 | regular |
| Sep 15, 2025 | — | $0.8300 | regular |
| Jun 13, 2025 | — | $0.8300 | regular |
| Mar 14, 2025 | — | $0.8300 | regular |
| Dec 16, 2024 | — | $0.8300 | regular |
| Sep 16, 2024 | — | $0.8100 | regular |
| Jun 17, 2024 | — | $0.8100 | regular |
| Mar 14, 2024 | — | $0.8100 | regular |
| Dec 15, 2023 | — | $0.8100 | regular |
| Sep 14, 2023 | — | $0.7900 | regular |
| Jun 14, 2023 | — | $0.7900 | regular |
| Mar 14, 2023 | — | $0.7900 | regular |
Income Calculator
At $3.36 / yr per share
