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Eastman declares 2-for-1 stock split, increases quarterly cash dividend 11%

August 5th, 2011 9:42 am by Staff Report

KINGSPORT — A week after posting record sales and earnings, Eastman Chemical Company has declared a two-for-one split of the company’s common stock.

Eastman announced the split Friday, saying it will also increase its quarterly cash dividend on its common stock by 11 percent to 52 cents per share on a pre-split basis.

This marks the second time in a year that Eastman has increased its quarterly dividend. Since December 2010, Eastman has increased the dividend by 18 percent.

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