Eastern Company (The) (NASDAQ:EML - Get Free Report) announced a quarterly dividend on Thursday, July 31st, Wall Street Journal reports. Shareholders of record on Friday, August 15th will be paid a dividend of 0.11 per share by the industrial products company on Monday, September 15th. This represents a c) dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Friday, August 15th.
Eastern has a dividend payout ratio of 17.2% indicating that its dividend is sufficiently covered by earnings.
Eastern Price Performance
Shares of Eastern stock traded down $0.24 during trading on Thursday, hitting $22.28. The stock had a trading volume of 5,275 shares, compared to its average volume of 8,084. Eastern has a 12 month low of $19.06 and a 12 month high of $35.03. The firm has a market cap of $136.99 million, a price-to-earnings ratio of -16.95 and a beta of 1.13. The company has a current ratio of 2.77, a quick ratio of 1.37 and a debt-to-equity ratio of 0.33. The business's 50-day moving average is $23.21 and its 200 day moving average is $24.35.
Eastern (NASDAQ:EML - Get Free Report) last released its earnings results on Tuesday, August 5th. The industrial products company reported $0.57 EPS for the quarter, beating analysts' consensus estimates of $0.54 by $0.03. The business had revenue of $70.16 million for the quarter, compared to analysts' expectations of $68.87 million. Eastern had a positive return on equity of 10.53% and a negative net margin of 3.06%.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen cut Eastern from a "strong-buy" rating to a "buy" rating in a research note on Thursday, May 8th.
Read Our Latest Stock Report on EML
Eastern Company Profile
(
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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.
Further Reading

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