Eastern Company (The) (EML) To Go Ex-Dividend on February 13th

Eastern Company (The) (NASDAQ:EML) announced a quarterly dividend on Wednesday, December 17th. Investors of record on Friday, February 13th will be given a dividend of 0.11 per share by the industrial products company on Friday, March 13th. This represents a c) annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Friday, February 13th.

Eastern has a payout ratio of 17.2% meaning its dividend is sufficiently covered by earnings.

Eastern Price Performance

Shares of EML stock opened at $19.77 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.99 and a quick ratio of 1.30. The company has a market capitalization of $120.00 million, a PE ratio of 15.94 and a beta of 1.00. The firm’s 50-day moving average is $20.23 and its two-hundred day moving average is $22.35. Eastern has a 12 month low of $18.49 and a 12 month high of $30.03.

Eastern (NASDAQ:EML) last announced its quarterly earnings results on Tuesday, November 4th. The industrial products company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.64). Eastern had a return on equity of 7.18% and a net margin of 2.96%.The firm had revenue of $55.34 million for the quarter, compared to analyst estimates of $73.41 million.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Eastern in a research report on Monday. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

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.