Eastern's most recent quarterly dividend payment of $0.11 per share was made to shareholders on record before Nov 14, 2022. The payout stands at $0.44 per share annually, which works out to a dividend yield of 1.92%.
Eastern's dividend yield of 1.92% is higher than the Industrials sector average but lower than the industry average. If we compare it with the Industrials sector average of 1.45%, Eastern's dividend yield is 32% higher. The current dividend yield is more than the historical average of 1.8% of the last 5 years.
Eastern has been paying dividends for the last 28 years. According to our data EML has issued four quarterly dividends in the last twelve months. The annualized DPS has not changed for the last year. However since the stock price has gone down by 8% from a year ago, the dividend yield has increased by 9%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Nov 14, 2022 | Dec 15, 2022 | Nov 2, 2022 | $0.11 | normal |
| Aug 12, 2022 | Sep 15, 2022 | Jul 28, 2022 | $0.11 | normal |
| May 12, 2022 | Jun 15, 2022 | Apr 27, 2022 | $0.11 | normal |
| Feb 28, 2022 | Mar 15, 2022 | Feb 9, 2022 | $0.11 | normal |
| Nov 12, 2021 | Dec 15, 2021 | Nov 2, 2021 | $0.11 | normal |
| Aug 12, 2021 | Sep 15, 2021 | Aug 6, 2021 | $0.11 | normal |
| May 11, 2021 | Jun 15, 2021 | Apr 28, 2021 | $0.11 | normal |
| Feb 26, 2021 | Mar 15, 2021 | Feb 8, 2021 | $0.11 | normal |
| Nov 17, 2020 | Dec 15, 2020 | Nov 2, 2020 | $0.11 | normal |
| Aug 13, 2020 | Sep 15, 2020 | Jul 31, 2020 | $0.11 | normal |
| May 14, 2020 | Jun 15, 2020 | May 1, 2020 | $0.11 | normal |
| Feb 28, 2020 | Mar 16, 2020 | Feb 11, 2020 | $0.11 | normal |
| Nov 15, 2019 | Dec 16, 2019 | Nov 1, 2019 | $0.11 | normal |
| Aug 16, 2019 | Sep 16, 2019 | Aug 8, 2019 | $0.11 | normal |
| May 14, 2019 | Jun 14, 2019 | May 2, 2019 | $0.11 | normal |
| Feb 28, 2019 | Mar 15, 2019 | Feb 6, 2019 | $0.11 | normal |
| Nov 13, 2018 | Dec 14, 2018 | Nov 1, 2018 | $0.11 | normal |
| Aug 14, 2018 | Sep 14, 2018 | Aug 2, 2018 | $0.11 | normal |
| May 15, 2018 | Jun 15, 2018 | May 2, 2018 | $0.11 | normal |
| Feb 28, 2018 | Mar 15, 2018 | Feb 8, 2018 | $0.11 | normal |
| Nov 14, 2017 | Dec 15, 2017 | Nov 3, 2017 | $0.11 | normal |
| Aug 14, 2017 | Sep 15, 2017 | Aug 2, 2017 | $0.11 | normal |
| May 15, 2017 | Jun 15, 2017 | May 3, 2017 | $0.11 | normal |
| Feb 27, 2017 | Mar 15, 2017 | Feb 8, 2017 | $0.11 | normal |
| Nov 14, 2016 | Dec 15, 2016 | Nov 3, 2016 | $0.11 | normal |
| Aug 15, 2016 | Sep 15, 2016 | Jul 28, 2016 | $0.11 | normal |
Eastern's payout ratio of 19.6% is below the Industrials sector, the industry and its peers average. Compared to its Industrials sector average of 26.8%, Eastern's payout ratio is 27% lower.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| CIX Compx International Inc | 5.38% | $1 | 64.1% |
| NL Nl Industries Inc | 3.99% | $0.28 | 24.8% |
| SWK Stanley Black & Decker Inc | 3.88% | $3.18 | 33% |
| EML Eastern Co | 1.92% | $0.44 | 19.6% |
| MLI Mueller Industries Inc | 1.44% | $1 | 8.7% |
Yes, Eastern has been paying dividends for the last 28 years.
EML hasn't announced its next dividend date yet, however if we take into account its recent dividend schedule, it is likely that its next dividend will be in February 2023.
Eastern's last regular dividend was on Nov 14, 2022 (ex-date) with the amount of $0.11 per share.
EML's annualized dividend per share is $0.44.
Eastern's current dividend yield is 1.92%.
Eastern pays four dividends per year.
The dividend payout ratio of Eastern is 19.6%.
Eastern's dividend yield is more than the Industrials sector average.