The Eastern Company (NASDAQ:EML) Announces $0.11 Quarterly Dividend

by · The Cerbat Gem

The Eastern Company (NASDAQ:EML – Get Free Report) declared a quarterly dividend on Wednesday, October 30th, NASDAQ reports. Shareholders of record on Friday, November 15th will be given a dividend of 0.11 per share by the industrial products company on Friday, December 13th. This represents a $0.44 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend is Friday, November 15th.

Eastern Stock Down 0.7 %

Shares of EML traded down $0.23 during midday trading on Thursday, reaching $31.14. The stock had a trading volume of 11,983 shares, compared to its average volume of 24,278. The company has a market cap of $193.94 million, a price-to-earnings ratio of 16.22 and a beta of 1.02. The company’s fifty day simple moving average is $31.41 and its two-hundred day simple moving average is $29.42. Eastern has a 1-year low of $16.11 and a 1-year high of $35.78. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.60 and a quick ratio of 1.35.

Eastern (NASDAQ:EML – Get Free Report) last posted its earnings results on Tuesday, August 6th. The industrial products company reported $0.56 earnings per share for the quarter. The firm had revenue of $73.15 million during the quarter. Eastern had a return on equity of 9.05% and a net margin of 4.40%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Eastern from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 2nd.

Read Our Latest Stock Report on EML

Eastern Company Profile

(Get Free Report)

The Eastern Company designs, manufactures, and sells engineered solutions to industrial markets in the United States and internationally. The company offers turnkey returnable packaging solutions, which are used in the assembly processes of vehicles, aircraft, and durable goods, as well as in production processes of plastic packaging products, packaged consumer goods, and pharmaceuticals; designs and manufactures blow mold tools and injection blow mold tooling products, and 2-step stretch blow molds and related components for the stretch blow molding industry; and supplies blow molds and change parts to the food, beverage, healthcare, and chemical industries.

Featured Stories