The Eastern Co (EML) Declares $0.11 Quarterly Dividend; 2.2% Yield

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Go back to The Eastern Co (EML) Declares $0.11 Quarterly Dividend; 2.2% Yield

The Eastern Company Declares Regular Quarterly Cash Dividend

April 29, 2015 5:20 PM EDT

NAUGATUCK, Conn.--(BUSINESS WIRE)-- The Eastern Company (NASDAQ-EML) today announced the declaration of its regular quarterly cash dividend of eleven cents ($0.11) per share, payable June 15, 2015, to common stock shareholders of record as of May 20, 2015. This dividend represents the Companys 299th consecutive quarterly dividend.

The Eastern Company is a 157-year-old manufacturer of industrial hardware, security products and metal... More

The Eastern Company Reports Results for the First Quarter of 2015

April 29, 2015 2:57 PM EDT

NAUGATUCK, Conn.--(BUSINESS WIRE)-- The Eastern Company (NASDAQ-EML) today announced the results of its operations for the first quarter of 2015. Sales for the quarter were $36.9 million, compared to $35.8 million for the same period in 2014, a 3% increase. Net Income for the first quarter was $874,000, or $0.14 per diluted share, compared to $1.5 million, or $0.24 per diluted share in the first quarter of 2014, a 42% decrease.

Leonard F. Leganza, Chairman, President and CEO of The Eastern Company stated, While sales for the quarter were slightly better than the 2014 period, net income in the first quarter of 2015, while disappointing, was primarily the... More