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

The Eastern Company (NASDAQ:EML) declared a quarterly dividend on Monday, February 3rd,Wall Street Journal reports. Shareholders of record on Friday, February 14th will be paid a dividend of 0.11 per share by the industrial products company on Friday, March 14th. This represents a $0.44 annualized dividend and a yield of 1.67%. The ex-dividend date of this dividend is Friday, February 14th.

Eastern Trading Up 0.6 %

Eastern stock opened at $26.40 on Wednesday. The company has a quick ratio of 1.42, a current ratio of 2.64 and a debt-to-equity ratio of 0.37. Eastern has a fifty-two week low of $22.63 and a fifty-two week high of $35.78. The firm’s fifty day moving average price is $27.62 and its 200-day moving average price is $29.26.

Analysts Set New Price Targets

Separately, StockNews.com cut Eastern from a “strong-buy” rating to a “buy” rating in a report on Saturday.

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.