Eastern Co (EML) to Issue Quarterly Dividend of $0.11 on December 16th

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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.

In related news, CEO August M. Vlak purchased 3,717 shares of Eastern stock in a transaction on Thursday, September 5th. The stock was bought at an average price of $24.50 per share, with a total value of $91,066.50. Following the completion of the transaction, the chief executive officer now directly owns 11,368 shares of the company’s stock, valued at $278,516. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Peggy Scott acquired 2,041 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The shares were acquired at an average cost of $25.24 per share, with a total value of $51,514.84. Following the transaction, the director now directly owns 226 shares in the company, valued at approximately $5,704.24. The disclosure for this purchase can be found here. 14.04% of the stock is owned by insiders.

About Eastern

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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Dividend History for Eastern (NASDAQ:EML)

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