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Eastern (NYSE:EML) announced a quarterly dividend on Thursday, February 6th, AnalystRatingsNetwork.com reports. Shareholders of record on Wednesday, February 19th will be paid a dividend of 0.11 per share on Friday, March 14th. This represents a $0.44 annualized dividend and a dividend yield of 2.83%.

Shares of Eastern (NYSE:EML) traded up 1.24% on Thursday, hitting $15.55. 6,831 shares of the company’s stock traded hands. Eastern has a one year low of $14.58 and a one year high of $20.00. The stock has a 50-day moving average of $16.19 and a 200-day moving average of $16.5. The company has a market cap of $96.7 million and a P/E ratio of 14.36.

The Eastern Company is engaged in the manufacture and sale of industrial hardware, security products and metal products from four United States operations and six wholly owned foreign subsidiaries.

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