The innovation of Eastman Chemical (EMN) in sustainability increases its place between the safest dividends

Eastman Chemical Company (NYSE: EMN) is included among the 10 safer dividend shares to buy now.

Eastman Chemical Company is an American manufacturing company of chemicals. He is working to establish himself as a leader in the circular economy with a strong approach to sustainability through advanced recycling methods such as carbon renewal technology (CRT) and polyester renewal technology (PRT). These processes allow the company to convert plastic waste into high quality products, address the global challenge where only a small part of the 360 ​​million metric tons of plastic waste generated every year is recycled. By advancing in these technologies, Eastman is reducing the environmental impact while creating growth opportunities in markets such as hard consumption, textiles and containers.

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

In addition, Eastman Chemical Company (Nyse: EMN) is a strong dividend stock. Currently, the company 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 shares to buy, since the company has increased its payments for 15 years in a row.

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Read below: 10 Best NYSE Dividend Shares to Buy and 13 incredibly cheap dividend shares to invest in.

Disclosure: None.