Eastern Co (NASDAQ:EML) announced a quarterly dividend on Friday, November 1st, Zacks reports. Shareholders of record on Monday, November 18th will be paid a dividend of 0.11 per share by the industrial products company on Monday, December 16th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date is Friday, November 15th.
Shares of NASDAQ:EML traded down $0.37 on Wednesday, reaching $28.37. The company had a trading volume of 6,700 shares, compared to its average volume of 7,476. Eastern has a twelve month low of $20.70 and a twelve month high of $29.99. The stock has a 50-day moving average price of $26.78 and a 200 day moving average price of $25.86. The stock has a market capitalization of $179.04 million, a P/E ratio of 14.21 and a beta of 0.97. The company has a quick ratio of 1.73, a current ratio of 3.22 and a debt-to-equity ratio of 1.01.
Separately, ValuEngine cut Eastern from a “buy” rating to a “hold” rating in a research report on Wednesday.
The Eastern Company designs, manufactures, and sells industrial hardware, security products, and metal products in the United States and internationally. The company's Industrial Hardware segment offers passenger restraint and vehicular locks, latches, hinges, mirrors, mirror-cameras, light-weight sleeper boxes, and truck bodies for tractor-trailer trucks, specialty commercial vehicles, recreational vehicles, fire and rescue vehicles, school buses, military vehicles, and other vehicles.
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