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

Eastern Company (The) (NASDAQ:EML) declared a quarterly dividend on Wednesday, May 6th. Stockholders of record on Friday, May 15th will be paid a dividend of 0.11 per share by the industrial products company on Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Friday, May 15th.

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

Eastern Price Performance

Shares of NASDAQ:EML opened at $22.50 on Thursday. Eastern has a 12 month low of $17.61 and a 12 month high of $26.77. The stock has a market cap of $135.81 million, a price-to-earnings ratio of 19.23 and a beta of 0.88. The stock’s 50 day moving average price is $20.62 and its 200 day moving average price is $19.82. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.59 and a quick ratio of 1.55.

Eastern (NASDAQ:EML) last posted its quarterly earnings results on Tuesday, March 3rd. The industrial products company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.05). Eastern had a net margin of 2.90% and a return on equity of 6.52%.

About Eastern

Eastern (NASDAQ:EML), based in West Haven, Connecticut, is a diversified industrial manufacturer specializing in secure hardware and metal finishing services. The company operates through two primary segments: Industrial Hardware Products and Security Products, complemented by a Metal Coatings division. Its Industrial Hardware Products segment produces cold-headed fasteners, forgings, hinges and precision components for heavy commercial vehicles, hydraulic cylinders and industrial machinery.

The Security Products segment designs and manufactures a wide range of lock and latch solutions, including padlocks, door hardware, cabinet locks and rental security towers for commercial and institutional applications.