DekaBank increased its Eastman Chemical stake by 34% in Q1, and the company reported Q2 EPS of $2.15.

DekaBank Deutsche Girozentrale increased its holdings in Eastman Chemical (EMN) by 34% in Q1, raising its stake to 701,947 shares worth $69.516 million. Eastman Chemical reported a Q2 EPS of $2.15, exceeding analysts' estimates of $2.01. The company declared a quarterly dividend of $0.81, representing a 3.32% dividend yield and a 41.75% payout ratio. Eastman Chemical expects to post 7.67 EPS for the current fiscal year.

August 03, 2024
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