Eastman Chemical Company (NYSE:EMN) is named one of the 10 Safest High Dividend Stocks to Buy Now. The company is focused on sustainability, utilizing advanced recycling methods like Carbon Renewal Technology (CRT) and Polyester Renewal Technology (PRT) to turn plastic waste into high-quality products. This approach addresses the global challenge of limited plastic recycling.

Eastman Chemical (EMN) is investing in new recycling plants in Tennessee, Texas, and France, including the world’s largest methanolysis facility in Tennessee. This facility is projected to deliver over $500 million in EBITDA by 2029. By using molecular recycling, Eastman can produce high-quality recycled PET that sells at a premium.

As a strong dividend stock, Eastman Chemical Company (NYSE:EMN) currently offers a quarterly dividend of $0.83 per share with a dividend yield of 5.10%. The company has a track record of raising payouts for 15 consecutive years, making it an appealing option for investors seeking dividend stocks.

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Read more at Yahoo Finance: Eastman Chemical’s (EMN) Innovation in Sustainability Boosts its Spot Among Safest High Dividend Stocks