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People & Business :: Earnings/Finance

Eastman Announces Stock Split; Dividend Increase

8:32 AM MDT | August 5, 2011 | Vincent Valk

Eastman has announced a two-for-one split of the company's common stock and an 11% increase in its dividend, to 52 cts/share on a pre-split basis. Shareholders will get one additional share of common stock for each share held as of September 15, Eastman says. The new shares will begin trading October 4. This is the company's first stock split since being spun off from Eastman Kodak in 1994.   Shares in Eastman closed at $85.79 on August 4. The company had been trading at $100/share as recently as July 28. "Both the stock split and the cash dividend...

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