IHS Chemical Week

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Eastman announces $300-million share buyback

10:47 AM MDT | May 2, 2013 | Rebecca Coons

Eastman Chemical says its Board of Directors has approved the repurchase of up to an additional $300 million of Eastman common stock, in addition to the remaining amount under a $300 million buyback authorized by the Board in February 2011. The Board also declared a quarterly cash dividend of $0.30 per share on the company's common stock, payable 1 July 2013. Both actions “are a demonstration of our continued commitment to return value to stockholders,” says Curt Espeland, senior v.p. and CFO. “They are also a reflection of the company’s...

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