Eastman Board Approves Additional $300M Share Repurchases

The Board of Directors of Eastman Chemical Company EMN has declared a quarterly cash dividend of $0.47 per share on the company's common stock. The dividend is payable April 1, 2011, to stockholders of record as of March 15, 2011. The Board of Directors also approved the repurchase of up to $300 million of Eastman common stock.