The Eastern Company (NASDAQ:EML) will begin trading ex-dividend on November 17, 2020. The quarterly dividend payment of $ 0.11 per share is scheduled to be paid on December 15, 2020. The dividend yield based on the latest trading day closing price was 2.02 percent. Shareholders who purchased EML shares prior to the ex-dividend date are eligible for the cash dividend payment.
Dividends History
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The Eastern Company recently reported second quarter financial results on July 31, 2020, before market open, the Naugatuck based company came out with income for the second quarter of $ 0.23 per share, from the revenue of $ 48.83 million. The quarterly earnings improved 148.53 percent while revenues compared with the same quarter last year.
Street analysts expected . The bottom line results street analysts by $ 0.01 or , at the same time, top line results analysts by $ 0.12 million or .
Stock Performance
On Friday, shares of The Eastern Company has traded high as $ 21.75 and has cracked $ 21.36 on the downward trend, reaching $ 21.75 with volume of 2.90 thousand shares.
According to the previous trading day, closing price of $ 21.75, representing a 37.50 % increase from the 52 week low of $ 15.28 and a 34.28 % decrease over the 52 week high of $ 31.97.
The company has a market capital of $ 135.78 million and is part of the Industrials sector and Tools & Accessories industry.
The Eastern Company designs, manufactures, and sells industrial hardware, security products, and metal products in the United States and internationally. The companys 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. This segment also provides fasteners and other closure devices.
