Eastern Company (The) (EML) to Distribute Quarterly Dividend of $0.11 on December 15th

Eastern Company (The) (NASDAQ:EML) declared a quarterly dividend on Wednesday, November 4th. Stockholders of record on Monday, November 16th will be given a dividend of $0.11 per share by the industrial products company on Tuesday, December 15th. This represents a $0.44 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Monday, November 16th.

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

Eastern Stock Down 5.6%

NASDAQ:EML opened at $27.21 on Friday. The company has a current ratio of 2.80, a quick ratio of 1.32 and a debt-to-equity ratio of 0.34. The stock has a 50 day moving average of $25.54 and a 200-day moving average of $22.80. The firm has a market capitalization of $163.80 million, a PE ratio of 20.31 and a beta of 0.89. Eastern has a 52 week low of $17.61 and a 52 week high of $29.91.

Eastern (NASDAQ:EML) last issued its quarterly earnings data on Tuesday, August 11th. The industrial products company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.52). The company had revenue of $61.82 million for the quarter, compared to the consensus estimate 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.