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