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

The Eastern Company (NASDAQ:EMLGet Free Report) announced a quarterly dividend on Wednesday, October 30th,NASDAQ Dividends reports. Stockholders of record on Friday, November 15th will be given a dividend of 0.11 per share by the industrial products company on Friday, December 13th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date is Friday, November 15th.

Eastern Stock Up 1.1 %

EML stock opened at $27.06 on Thursday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.42 and a current ratio of 2.64. The business has a fifty day simple moving average of $31.32 and a 200-day simple moving average of $29.32. Eastern has a 52 week low of $17.82 and a 52 week high of $35.78.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Eastern from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 2nd.

Read Our Latest Stock Report on Eastern

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

Dividend History for Eastern (NASDAQ:EML)

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