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

Eastern Company (The) (NASDAQ:EML) announced a quarterly dividend on Wednesday, November 4th. Investors of record on Monday, November 16th will be paid a dividend of $0.11 per share by the industrial products company on Tuesday, December 15th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Monday, November 16th.

Eastern has a dividend payout ratio of 17.2% indicating that its dividend is sufficiently covered by earnings.

Eastern Stock Performance

Shares of Eastern stock opened at $28.81 on Thursday. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.80 and a quick ratio of 1.32. The firm has a 50 day simple moving average of $25.52 and a 200 day simple moving average of $22.76. Eastern has a fifty-two week low of $17.61 and a fifty-two week high of $29.91. The firm has a market cap of $173.44 million, a P/E ratio of 21.50 and a beta of 0.89.

Eastern (NASDAQ:EML) last posted its quarterly earnings data on Tuesday, August 11th. The industrial products company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.52). The firm had revenue of $61.82 million for the quarter, compared to analyst estimates of $73.69 million. Eastern had a return on equity of 3.38% and a net margin of 3.44%.

Eastern Company Profile

The Eastern Company (NASDAQ: EML) is a diversified manufacturer of engineered products serving industrial, security and transportation markets. The company develops and produces products used in commercial vehicles, industrial equipment, specialty vehicles and other applications where security, access control and engineered components are required.

Its product offerings include locks, latches, access hardware and other security-related components, as well as vehicle mirrors and related equipment.