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

The Eastern Company (NASDAQ:EML - Get Free Report) announced a quarterly dividend on Monday, February 3rd,Wall Street Journal reports. Stockholders of record on Friday, February 14th will be paid a dividend of 0.11 per share by the industrial products company on Friday, March 14th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend is Friday, February 14th.

Eastern Trading Down 3.6 %

Eastern stock traded down $0.99 during mid-day trading on Friday, hitting $26.31. The company's stock had a trading volume of 5,558 shares, compared to its average volume of 9,373. The business has a 50 day moving average price of $27.69 and a 200-day moving average price of $29.28. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.64 and a quick ratio of 1.42. Eastern has a 12 month low of $22.63 and a 12 month high of $35.78. The stock has a market cap of $162.60 million, a price-to-earnings ratio of -25.54 and a beta of 0.98.

Eastern (NASDAQ:EML - Get Free Report) last issued its earnings results on Tuesday, November 5th. The industrial products company reported $0.75 earnings per share for the quarter. The company had revenue of $71.27 million during the quarter. Eastern had a positive return on equity of 10.44% and a negative net margin of 2.26%.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Eastern from a "strong-buy" rating to a "buy" rating in a research report on Saturday.

Eastern Company Profile

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.