The Eastern Co (EML) Declares $0.11 Quarterly Dividend; 2.4% Yield

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Go back to The Eastern Co (EML) Declares $0.11 Quarterly Dividend; 2.4% Yield

The Eastern Company Declares Regular Quarterly Cash Dividend

July 29, 2015 3:56 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 September 15, 2015, to common shareholders of record as of August 19, 2015.

Mr. Leganza commented, In line with our on-going practice of enhancing shareholder value and reflecting the confidence we have in our business plans looking to the future we are very proud to declare this dividend which represents the... More

The Eastern Company Reports an Increase in Revenue of 7% for the Second Quarter and 5% for the Six Months of 2015

July 29, 2015 3:31 PM EDT

NAUGATUCK, Conn.--(BUSINESS WIRE)-- The Eastern Company (NASDAQ-EML) today announced the results of its operations for the second quarter and six months of 2015. Sales for the quarter were $37.0 million, compared to $34.8 million for the same period in 2014, a 7% increase, while net income was $585,000 or $0.09 per diluted share, compared to the $1.7 million or $0.27 per diluted share, reported in the second quarter of 2014.

Net sales for the six months of 2015 were $73.9 million compared to $70.6 million for the first six months of 2014, a 5% increase. For the six month period ended July 4, 2015 net income was $1.5 million or $0.23 per diluted share,... More