The Eastern Company (EML) to Issue Quarterly Dividend of $0.11 on December 13th

The Eastern Company (NASDAQ:EML) declared a quarterly dividend on Wednesday, October 30th,NASDAQ Dividends reports. Stockholders of record on Friday, November 15th will be paid 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 1.64%. The ex-dividend date is Friday, November 15th.

Eastern Stock Down 1.8 %

Shares of EML stock opened at $26.76 on Wednesday. Eastern has a 1-year low of $17.82 and a 1-year high of $35.78. The stock’s fifty day moving average price is $31.38 and its 200 day moving average price is $29.36. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.42 and a current ratio of 2.64.

Wall Street Analysts Forecast Growth

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

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.