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

The Eastern Company (NASDAQ:EML) declared a quarterly dividend on Wednesday, October 30th,NASDAQ Dividends reports. Shareholders of record on Friday, November 15th will be given 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 yield of 1.63%. The ex-dividend date of this dividend is Friday, November 15th.

Eastern Stock Up 1.1 %

NASDAQ:EML opened at $27.06 on Thursday. 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 firm has a 50-day moving average of $31.32 and a two-hundred day moving average of $29.32. Eastern has a 1-year low of $17.82 and a 1-year high of $35.78.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of 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.