The Board of Directors of Eastman Chemical Company (NYSE:EMN) has declared an increase in the quarterly cash dividend from $0.83 to $0.84 per share on its common stock. The dividend is payable January 8, 2026, to stockholders of record as of December 15, 2025.

"By raising our dividend for the 16th consecutive year, we are reaffirming our commitment to delivering value to our shareholders," said Willie McLain, executive vice president and chief financial officer. "This action demonstrates the Board's continued trust in our ability to achieve consistent earnings and maintain strong cash generation."

Founded in 1920, Eastman is a global specialty materials company that produces a broad range of products found in items people use every day. With the purpose of enhancing the quality of life in a material way, Eastman works with customers to deliver innovative products and solutions while maintaining a commitment to safety and sustainability. The company's innovation-driven growth model takes advantage of world-class technology platforms, deep customer engagement, and differentiated application development to grow its leading positions in attractive end markets such as transportation, building and construction, and consumables. As a globally inclusive company, Eastman employs approximately 14,000 people around the world and serves customers in more than 100 countries. The company had 2024 revenue of approximately $9.4 billion and is headquartered in Kingsport, Tennessee, USA. For more information, visit www.eastman.com.

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Media: Tracy Kilgore Addington

423-224-0498 / tracy@eastman.com

Investors: Greg Riddle

212-835-1620 / griddle@eastman.com