Eastman Chemical Company (EMN) has recently announced a 10% increase in its dividend. I have been reinvesting dividends from EMN in the nonPension portfolio since early 2016. Thanks to that and thanks to two dividend increases, my next dividend payment will be 27% higher than my first payment seven quarters earlier.
While dividends in EMN has increased over time, the value of my shares in EMN has increased as well. Shares of Eastman are still relatively undervalued, so it will likely remain in the portfolio for the forseeable future.
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