A portfolio of stocks I've been building since September 3, 2019, named Volio, will eventually hold 52 dividend dogs. Volio is the fifth portfolio I've built (at a one dividend dog per-week pace) since 2014. Five portfolios = V for Volio!

Today I'm reviewing the fourth of five materials sector stocks striving to join my Volio folio this week. This could be my thirty-fourth pick for Volio!

That basic materials sector includes fourteen industries all related to mining, making, and delivering essential commodities, which are: agricultural inputs; aluminum; building materials; chemicals; coaking coal; copper; gold; other industrial metals and mining; other precious minerals and mining; paper & paper products; silver; steel; specialty chemicals.

My subject today is an international chemical company named, Eastman Chemical Co. Its trading ticker symbol is EMN. This is my first ever report on Eastman Chemical Co.

Established in 1920 to produce chemicals for Eastman Kodak, Eastman Chemical has grown into a global producer of chemicals, plastics, and fibers with manufacturing sites in seven countries. The company generates the majority of its sales outside of the United States, with a strong presence in Asian markets. During the past several years, Eastman has sold non core businesses, choosing to focus on higher-margin specialty product offerings.

Founded in 1920 the company is headquartered in Kingsport, Tennessee.

I use three key data points to gauge dividend equities or funds like Eastman Chemical Co:

(1) Price

(2) Dividends

(3) Returns

Besides those three, several other keys will finally unlock an equity or fund in which to invest, or not.

Those three basic keys, however, best tell whether a company has made, is making, and will make money.

EMN Price

Eastman's price per share closed at $53.84 yesterday. A year ago their price was $83.34. Market price dropped $29.50 or over 35%.

Assuming EMC's stock trades in the range of $36 to $72 this next year, its recent $53.84 price might rise by $6.16 to reach $40.00  by April 23, 2021.

EMN Dividends

Eastman's most recent declared quarterly dividend was $0.66 paid April 3rd. That $0.66 Q dividend equates to $2.64 annually and yields 4.90%.

EMN Gains?

Adding the $0.66 annual estimated dividend to my $6.16 optimistic estimate of EMN's price upside shows a $6.82 potential gross gain, per share, reduced by any costs to trade those shares.

A little over $1,000.00 today put into Eastman Chemical Co shares at their $53.84 price, buys 19 shares of EMN.

A $10 broker fee paid half at purchase and half at sale could cost about $0.53 per share.

Subtract that $0.53  brokerage cost from my estimated $6.82 gross gain per share results in a net gain of $6.29 X 19 shares = $119.51 or an 11.9% net gain on a $1,022.96 investment.

Therefore, Eastman Chemical Co, whose trading ticker symbol is EMN shows a possible 11.9% net gain including a 4.9%

The above speculation is based on past performance and supposition. Only time and money invested will tell if Eastman Chemical Co is worth the expenditure.