Eastman Chemical’s (EMN) Innovation in Sustainability Boosts its Spot Among Safest High Dividend Stocks

Eastman Chemical Company (NYSE:EMN) is included among the 10 Safest High Dividend Stocks to Buy Now.

Eastman Chemical Company is an American chemical products manufacturing company. It is working to establish itself as a leader in the circular economy with a strong focus on sustainability through advanced recycling methods such as Carbon Renewal Technology (CRT) and Polyester Renewal Technology (PRT). These processes allow the company to turn plastic waste into high-quality products, addressing the global challenge where only a small share of the 360 million metric tons of plastic waste generated each year is recycled. By advancing these technologies, Eastman is reducing environmental impact while creating growth opportunities in markets like consumer durables, textiles, and packaging.

Eastman Chemical Company (NYSE:EMN) is also pursuing major growth through investments in new recycling plants in Tennessee, Texas, and France. A key project is the world’s largest methanolysis facility in Kingsport, Tennessee, which is projected to deliver more than $500 million in EBITDA by 2029 and provide attractive returns on invested capital. With molecular recycling, Eastman can produce high-quality recycled PET that sells at a premium, strengthening its position for a more sustainable and profitable future.

In addition, Eastman Chemical Company (NYSE:EMN) is a strong dividend stock. The company currently offers a quarterly dividend of $0.83 per share and has a dividend yield of 5.10%, as of September 20. It is one of the best dividend stocks to buy as the company has raised its payouts for 15 years straight.

While we acknowledge the potential of EMN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 10 Best NYSE Dividend Stocks to Buy and 13 Incredibly Cheap Dividend Stocks to Invest In.

Disclosure: None.