The Eastern Company to Issue Quarterly Dividend of $0.11 (NASDAQ:EML)

The Eastern Company (NASDAQ:EML) declared a quarterly dividend on Tuesday, February 4th,Wall Street Journal reports. Stockholders of record on Friday, February 14th will be given a dividend of 0.11 per share by the industrial products company on Friday, March 14th. This represents a $0.44 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend is Friday, February 14th.

Eastern Price Performance

Eastern stock traded up $0.55 during midday trading on Wednesday, reaching $27.38. 798 shares of the company were exchanged, compared to its average volume of 9,429. The company has a market capitalization of $169.23 million, a price-to-earnings ratio of -26.32 and a beta of 0.98. The firm’s 50-day simple moving average is $27.82 and its 200-day simple moving average is $29.34. Eastern has a 1 year low of $22.63 and a 1 year high of $35.78. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.42 and a current ratio of 2.64.

Eastern (NASDAQ:EML) last posted its quarterly earnings results on Tuesday, November 5th. The industrial products company reported $0.75 EPS for the quarter. The company had revenue of $71.27 million during the quarter. Eastern had a positive return on equity of 10.44% and a negative net margin of 2.26%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Eastern from a “buy” rating to a “strong-buy” rating in a research report on Friday, January 31st.

About Eastern

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.