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Despite hitting a 12-month low, Eastman Chemical beat earnings expectations and raised the dividend.
Eastman Chemical's stock hit a 12-month low at $81.19, but the company surpassed earnings expectations, reporting $1.87 per share compared to the expected $1.60.
Analysts have a "Moderate Buy" consensus rating with an average target price of $112.83.
The company also announced a quarterly dividend, set to be paid on April 7th, with a yield of 4.40%.
Eastman Chemical's market cap is $8.69 billion, and it has a price-to-earnings ratio of 9.83.
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A pesar de alcanzar un nivel bajo de 12 meses, Eastman Chemical superó las expectativas de ganancias y aumentó el dividendo.