The Eastern Company designs, manufactures, and sells engineered solutions to industrial markets in the United States and internationally. It offers turnkey returnable packaging solutions that are used in the assembly process of vehicles, aircraft, and durable goods, as well as in the production process of plastic packaging products, packaged consumer goods, and pharmaceuticals; designs and manufactures blow mold tools and injection blow mold tooling products, and 2-step stretch blow molds and related components; and supplies blow molds and change parts to the food, beverage, healthcare, and chemical industry. It also offers rotary latches, compression latches, draw latches, hinges, camlocks, key switches, padlocks, and handles, as well as development and program management services for custom electromechanical and mechanical systems; designs and manufactures proprietary vision technology for original equipment manufacturers (OEMs) and aftermarket applications; and provides aftermarket components to the heavy-duty truck market. The Eastern Company was founded in 1858 and is based in Naugatuck, Connecticut.
Eastern Dividend Announcement
• Eastern announced a quarterly dividend of $0.11 per ordinary share which will be made payable on 2024-12-13. Ex dividend date: 2024-11-15
• Eastern annual dividend for 2024 was $0.44
• Eastern annual dividend for 2023 was $0.44
• Eastern's trailing twelve-month (TTM) dividend yield is 1.52%
• Eastern's payout ratio for the trailing twelve months (TTM) is -13.41%
• Eastern's dividend growth over the last ten years (2013-2023) was 0.47% year
Eastern Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-11-15 | $0.11 | quarterly | 2024-12-13 |
2024-08-15 | $0.11 | quarterly | 2024-09-13 |
2024-05-14 | $0.11 | quarterly | 2024-06-17 |
2024-02-14 | $0.11 | quarterly | 2024-03-15 |
2023-11-14 | $0.11 | quarterly | 2023-12-15 |
2023-08-14 | $0.11 | quarterly | 2023-09-15 |
2023-05-12 | $0.11 | quarterly | 2023-06-15 |
2023-02-14 | $0.11 | quarterly | 2023-03-15 |
2022-11-14 | $0.11 | quarterly | 2022-12-15 |
2022-08-12 | $0.11 | quarterly | 2022-09-15 |
2022-05-12 | $0.11 | quarterly | 2022-06-15 |
2022-02-28 | $0.11 | quarterly | 2022-03-15 |
2021-11-12 | $0.11 | quarterly | 2021-12-15 |
2021-08-12 | $0.11 | quarterly | 2021-09-15 |
2021-05-11 | $0.11 | quarterly | 2021-06-15 |
2021-02-26 | $0.11 | quarterly | 2021-03-15 |
2020-11-17 | $0.11 | quarterly | 2020-12-15 |
2020-08-13 | $0.11 | quarterly | 2020-09-15 |
2020-05-14 | $0.11 | quarterly | 2020-06-15 |
2020-02-28 | $0.11 | quarterly | 2020-03-16 |
2019-11-15 | $0.11 | quarterly | 2019-12-16 |
2019-08-16 | $0.11 | quarterly | 2019-09-16 |
2019-05-14 | $0.11 | quarterly | 2019-06-14 |
2019-02-28 | $0.11 | quarterly | 2019-03-15 |
2018-11-13 | $0.11 | quarterly | 2018-12-14 |
2018-08-14 | $0.11 | quarterly | 2018-09-14 |
2018-05-15 | $0.11 | quarterly | 2018-06-15 |
2018-02-28 | $0.11 | quarterly | 2018-03-15 |
2017-11-14 | $0.11 | quarterly | 2017-12-15 |
2017-08-14 | $0.11 | quarterly | 2017-09-15 |
2017-05-15 | $0.11 | quarterly | 2017-06-15 |
2017-02-27 | $0.11 | quarterly | 2017-03-15 |
2016-11-14 | $0.11 | quarterly | 2016-12-15 |
2016-08-15 | $0.11 | quarterly | 2016-09-15 |
2016-05-16 | $0.11 | quarterly | 2016-06-15 |
2016-02-22 | $0.11 | quarterly | 2016-03-15 |
2015-11-16 | $0.11 | quarterly | 2015-12-15 |
2015-08-17 | $0.12 | quarterly | 2015-09-15 |
2015-05-18 | $0.11 | quarterly | 2015-06-15 |
2015-02-19 | $0.11 | quarterly | 2015-03-16 |
2014-11-17 | $0.11 | quarterly | 2014-12-15 |
2014-08-18 | $0.15 | quarterly | 2014-09-15 |
2014-05-19 | $0.11 | quarterly | 2014-06-16 |
2014-02-14 | $0.11 | quarterly | 2014-03-14 |
2013-11-18 | $0.11 | quarterly | 2013-12-16 |
2013-08-19 | $0.11 | quarterly | 2013-09-16 |
2013-05-20 | $0.10 | quarterly | 2013-06-14 |
2013-02-15 | $0.10 | quarterly | 2013-03-15 |
Eastern Dividend per year
Eastern Dividend growth
Eastern Dividend Yield
Eastern current trailing twelve-month (TTM) dividend yield is 1.52%. Interested in purchasing Eastern stock? Use our calculator to estimate your expected dividend yield:
Eastern Financial Ratios
Eastern Dividend FAQ
Other factors to consider when evaluating Eastern as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Eastern's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Eastern publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Eastern distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Eastern are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Eastern sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Eastern distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Eastern declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Eastern's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Eastern's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.