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

The Eastern Company (NASDAQ:EML) announced a quarterly dividend on Thursday, April 25th, Zacks reports. Stockholders of record on Wednesday, May 15th will be given a dividend of 0.11 per share by the industrial products company on Monday, June 17th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date of this dividend is Tuesday, May 14th.

Eastern Stock Performance

Shares of NASDAQ EML traded up $0.19 during mid-day trading on Friday, reaching $32.31. 14,659 shares of the company were exchanged, compared to its average volume of 29,337. The company’s 50-day simple moving average is $28.96 and its 200-day simple moving average is $23.60. The company has a quick ratio of 1.24, a current ratio of 2.63 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $200.65 million, a P/E ratio of 23.58 and a beta of 1.15. Eastern has a twelve month low of $16.10 and a twelve month high of $35.78.

Eastern (NASDAQ:EML) last posted its earnings results on Tuesday, March 12th. The industrial products company reported $0.56 earnings per share (EPS) for the quarter. The company had revenue of $67.00 million during the quarter. Eastern had a net margin of 3.14% and a return on equity of 8.80%.

Analyst Ratings Changes

EML has been the subject of several analyst reports. TheStreet upgraded shares of Eastern from a “c” rating to a “b-” rating in a research note on Wednesday, March 20th. StockNews.com upgraded shares of Eastern from a “buy” rating to a “strong-buy” rating in a research note on Thursday, March 14th.

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.