The Eastern Company Declares Regular Quarterly Cash Dividend

Rhea-AI Summary

The Eastern Company (NASDAQ:EML) has announced a quarterly cash dividend of $0.11 per share, payable on December 15, 2020, to shareholders on record as of November 18, 2020. This marks the company's 321st consecutive quarterly dividend, reflecting its commitment to returning value to shareholders. Operating for 162 years, the Eastern Company focuses on industrial markets with growth potential across three segments: Industrial Hardware, Security Products, and Metal Products, with operations in the U.S., Canada, Mexico, U.K., Taiwan, and China.

Positive

• Quarterly cash dividend of $0.11 reinforces the company's consistent dividend policy and shareholder returns.
• The company's 321st consecutive dividend payment demonstrates a strong commitment to maintaining investor confidence.
• Long-term operational focus in growing markets suggests potential for future revenue stability.

Negative

• Forward-looking statements indicate potential risks, including changing customer preferences and increased raw material costs.
• Dependence on macroeconomic growth may pose vulnerabilities in market performance.

NAUGATUCK, CT / ACCESSWIRE / November 2, 2020 / The Eastern Company (NASDAQ:EML) today announced the declaration of its regular quarterly cash dividend of eleven cents ($0.11) per share, payable December 15, 2020, to common shareholders of record as of November 18, 2020. This dividend represents the Company's 321th consecutive quarterly dividend.

About the Company

The Eastern Company is a 162 year old company which manages industrial businesses that design, manufacture and sell unique engineered solutions to niche markets, focusing on industries that offer long-term macroeconomic growth opportunities. The Company operates in three business segments -- Industrial Hardware, Security Products and Metal Products -- from 20 locations in the U.S., Canada, Mexico, U.K., Taiwan and China.

Safe Harbor for Forward-Looking Statements

Statements in this document about our future expectations, beliefs, goals, plans or prospects constitute forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and the rules, regulations and releases of the Securities and Exchange Commission. Any statements that are not statements of historical fact, including statements containing the words "believes," "intends," "continues," "reflects," "plans," "anticipates," "expects," and similar expressions, should also be considered to be forward-looking statements. Readers should not place undue reliance on these forward-looking statements, which are based upon management's current beliefs and expectations. These forward-looking statements are subject to risks and uncertainties, and actual results might differ materially from those discussed in, or implied by, the forward-looking statements. Among the risks and uncertainties that could cause actual results or events to differ materially from those indicated by such forward-looking statements include, but are not limited to changing customer preferences, lack of success of new products, loss of customers, cybersecurity breaches, changes in competition in our markets, and increased prices for raw materials resulting from tariffs on imported goods or otherwise. There are important, additional factors that could cause actual results or events to differ materially from those indicated by such forward-looking statements, including those set forth in our reports and filings with the Securities and Exchange Commission. We undertake no obligation to update, alter, or otherwise revise any forward-looking statements, whether written or oral, that may be made from time to time, whether as a result of new information, future events, or otherwise.

CONTACT:

The Eastern Company
August Vlak or John L. Sullivan III, 203-729-2255

SOURCE: The Eastern Company

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FAQ

What is the dividend amount declared by Eastern Company?

The Eastern Company has declared a dividend of $0.11 per share.

When is the dividend payable for EML?

The dividend is payable on December 15, 2020.

What is the record date for Eastern Company’s dividend?

The record date for the dividend is November 18, 2020.

How many consecutive quarters has Eastern Company paid dividends?

The Eastern Company has paid dividends for 321 consecutive quarters.

What are the business segments of Eastern Company?

Eastern Company operates in Industrial Hardware, Security Products, and Metal Products.