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

The Eastern Company (NASDAQ:EML) declared a quarterly dividend on Tuesday, February 4th,Wall Street Journal reports. Shareholders 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 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend is Friday, February 14th.

Eastern Stock Performance

EML traded up $0.24 during trading on Tuesday, hitting $26.83. The company’s stock had a trading volume of 9,067 shares, compared to its average volume of 9,835. Eastern has a one year low of $22.63 and a one year high of $35.78. The business’s 50 day simple moving average is $27.82 and its 200-day simple moving average is $29.34. The company has a quick ratio of 1.42, a current ratio of 2.64 and a debt-to-equity ratio of 0.37. The firm has a market cap of $165.81 million, a PE ratio of -26.05 and a beta of 0.98.

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Eastern from a “buy” rating to a “strong-buy” rating in a report on Friday.

Eastern Company Profile

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.