5 Best Mid-Cap Dividend Stocks To Buy Now

2. Eastman Chemical Company (NYSE:EMN)

Number of Hedge Fund Holders: 33
Market Cap as of October 26: $8.1 billion

Eastman Chemical Company (NYSE:EMN) produces specialty plastics, polymers, and other advanced materials used in a variety of applications, including packaging, consumer goods, and automotive components. The company has been raising its dividends for 13 years in a row and currently pays a quarterly dividend of $0.79 per share. As of October 26, the stock has a dividend yield of 4.51%.

At the end of June 2023, 33 hedge funds, up from 28 in the previous quarter, owned stakes in Eastman Chemical Company (NYSE:EMN), as per Insider Monkey’s database. The collective worth of these stakes is roughly $530 million.

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