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

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 annualized dividend and a dividend yield of 1.64%. The ex-dividend date of this dividend is Friday, November 15th.

Eastern Trading Down 1.8 %

Shares of EML stock opened at $26.76 on Wednesday. Eastern has a 52-week low of $17.82 and a 52-week high of $35.78. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.64 and a quick ratio of 1.42. The business has a 50-day simple moving average of $31.38 and a 200-day simple moving average of $29.36.

Wall Street Analyst Weigh In

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

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.