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

The Eastern Company (NASDAQ:EML) announced a quarterly dividend on Thursday, April 25th, Zacks reports. Investors of record on Wednesday, May 15th will be paid a dividend of 0.11 per share by the industrial products company on Monday, June 17th. This represents a $0.44 annualized dividend 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, hitting $32.31. 14,659 shares of the company were exchanged, compared to its average volume of 29,337. Eastern has a 1-year low of $16.10 and a 1-year high of $35.78. 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 50 day simple moving average of $28.96 and a 200-day simple moving average of $23.60. The firm has a market cap of $200.65 million, a price-to-earnings ratio of 23.58 and a beta of 1.15.

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

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. StockNews.com raised Eastern from a “buy” rating to a “strong-buy” rating in a report on Thursday, March 14th. TheStreet upgraded Eastern from a “c” rating to a “b-” rating in a research report on Wednesday, March 20th.

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.