It is even worse than that for Kodak -- Steven Sasson actually created the first digital camera using a CCD sensor while working at Kodak [1] and Kodak owned the patent for a digital camera [2].

[1]: https://www.seattlepi.com/business/article/Kodak-engineer-ha... [2]: https://patents.google.com/patent/US4131919

For a company in Kodak's position, trying to reinvent themselves may not have been the best idea. Another possibility would have been to recognize that the basis for the company was going away and attempt to milk it for as much money as possible as it died. If this meant paying large dividends then shutting down or carving up the remnants of the company, so be it.