The Eastern Company Declares Regular Quarterly Cash Dividend
The Eastern Company (NASDAQ:EML) has declared a quarterly cash dividend of $0.11 per share, set to be paid on June 15, 2021, to shareholders of record as of May 12, 2021. This marks the company's 323rd consecutive quarterly dividend, reflecting its commitment to returning value to shareholders. The Eastern Company focuses on industrial markets through its segments: Engineered Solutions and Diversified Products, operating in the U.S. and internationally.
- Declared a quarterly cash dividend of $0.11 per share.
- 323rd consecutive quarterly dividend demonstrates strong financial stability and commitment to shareholders.
- Potential risks include changing customer preferences and competition.
- Concerns over increased costs due to raw material tariffs.
NAUGATUCK, CT / ACCESSWIRE / April 28, 2021 / The Eastern Company (NASDAQ:EML) today announced the declaration of its regular quarterly cash dividend of eleven cents (
About the Company
The Eastern Company manages industrial businesses that design, manufacture and sell unique engineered solutions to industrial markets, focusing on industries that offer long-term macroeconomic growth opportunities. The Company operates across two reporting segments - Engineered Solutions and Diversified Products -- from 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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