The Eastern Company (EML) To Go Ex-Dividend on May 14th

The Eastern Company (NASDAQ:EML) announced a quarterly dividend on Thursday, April 25th, Zacks reports. Shareholders of record on Wednesday, May 15th will be given a dividend of 0.11 per share by the industrial products company on Monday, June 17th. This represents a $0.44 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend is Tuesday, May 14th.

Eastern Price Performance

Shares of Eastern stock traded up $0.19 on Friday, hitting $32.31. 14,659 shares of the company traded hands, compared to its average volume of 29,337. The firm’s 50-day simple moving average is $28.96 and its 200 day simple moving average is $23.60. The company has a current ratio of 2.63, a quick ratio of 1.24 and a debt-to-equity ratio of 0.32. The company has a market cap of $200.65 million, a P/E ratio of 23.58 and a beta of 1.15. Eastern has a 12-month low of $16.10 and a 12-month high of $35.78.

Eastern (NASDAQ:EML) last posted its quarterly earnings data on Tuesday, March 12th. The industrial products company reported $0.56 earnings per share for the quarter. Eastern had a net margin of 3.14% and a return on equity of 8.80%. The firm had revenue of $67.00 million for the quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on EML shares. StockNews.com raised shares of Eastern from a “buy” rating to a “strong-buy” rating in a report on Thursday, March 14th. TheStreet raised shares of Eastern from a “c” rating to a “b-” rating in a report on Wednesday, March 20th.

About Eastern

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.