Eastern Company (The) (NASDAQ:EML) Shares Set to Pay Quarterly Dividend of $0.11

by · The Cerbat Gem

Eastern Company (The) (NASDAQ:EML – Get Free Report) announced a quarterly dividend on Wednesday, November 4th. Shareholders of record on Monday, November 16th will be paid a dividend of $0.11 per share by the industrial products company on Tuesday, December 15th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Monday, November 16th.

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

Eastern Stock Performance

Shares of EML stock opened at $28.81 on Thursday. The company has a market cap of $173.44 million, a P/E ratio of 41.03 and a beta of 0.89. The firm has a fifty day moving average price of $25.52 and a 200 day moving average price of $22.76. The company has a current ratio of 2.80, a quick ratio of 1.32 and a debt-to-equity ratio of 0.34. Eastern has a 12 month low of $17.61 and a 12 month high of $29.91.

Eastern (NASDAQ:EML – Get Free Report) last posted its quarterly earnings results on Tuesday, August 11th. The industrial products company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.52). Eastern had a net margin of 3.44% and a return on equity of 3.38%. The business had revenue of $61.82 million during the quarter, compared to analyst estimates of $73.69 million.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on EML shares. Wall Street Zen raised shares of Eastern from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Weiss Ratings reissued a “hold (c)” rating on shares of Eastern in a report on Monday, September 21st. Two research analysts have rated the stock with a Hold rating. According to data from MarketBeat, the stock currently has an average rating of “Hold”.

Read Our Latest Report on Eastern

About Eastern

(Get Free Report)

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.

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