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

The Eastern Company (NASDAQ:EML) announced a quarterly dividend on Monday, February 3rd,Wall Street Journal reports. Shareholders of record on Friday, February 14th will be paid 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 1.61%. The ex-dividend date of this dividend is Friday, February 14th.

Eastern Trading Up 1.6 %

Shares of EML stock traded up $0.42 on Wednesday, reaching $27.25. 7,332 shares of the stock were exchanged, compared to its average volume of 9,723. The company has a quick ratio of 1.42, a current ratio of 2.64 and a debt-to-equity ratio of 0.37. Eastern has a 1-year low of $22.63 and a 1-year high of $35.78. The stock has a market cap of $168.49 million, a P/E ratio of -26.46 and a beta of 0.98. The firm has a 50 day moving average of $27.79 and a two-hundred day moving average of $29.33.

Eastern (NASDAQ:EML) last released its quarterly earnings results on Tuesday, November 5th. The industrial products company reported $0.75 earnings per share for the quarter. The business 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%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of 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.