The Eastern Company (EML) to Issue Quarterly Dividend of $0.11 on March 14th

The Eastern Company (NASDAQ:EML) announced a quarterly dividend on Monday, February 3rd,Wall Street Journal reports. Investors 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 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date is Friday, February 14th.

Eastern Trading Up 0.6 %

Shares of NASDAQ:EML opened at $26.40 on Wednesday. The company has a current ratio of 2.64, a quick ratio of 1.42 and a debt-to-equity ratio of 0.37. The company has a 50-day moving average price of $27.62 and a two-hundred day moving average price of $29.26. Eastern has a twelve month low of $22.63 and a twelve month high of $35.78.

Wall Street Analysts Forecast Growth

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

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.