Eastern's most recent quarterly dividend payment of $0.11 per share was made to shareholders on record before Feb 14, 2024. The payout stands at $0.44 per share annually, which works out to a dividend yield of 1.49%.
Eastern's dividend yield of 1.49% is higher than the Industrials sector average but lower than the industry and its peers average. But if we consider the Industrials sector average of 1.43%, Eastern's dividend yield is only 4.2% higher. The current dividend yield is less than the historical average of 2.0% of the last 5 years.
Eastern has been paying dividends for the last 30 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 up by 69% from a year ago, the dividend yield has decreased by 41%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Feb 14, 2024 | Mar 15, 2024 | Feb 5, 2024 | $0.11 | normal |
| Nov 14, 2023 | Dec 15, 2023 | Oct 31, 2023 | $0.11 | normal |
| Aug 14, 2023 | Sep 15, 2023 | Aug 1, 2023 | $0.11 | normal |
| May 12, 2023 | Jun 15, 2023 | Apr 27, 2023 | $0.11 | normal |
| Feb 14, 2023 | Mar 15, 2023 | Feb 7, 2023 | $0.11 | normal |
| 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 31.9% is above the Industrials sector average but below the industry average. Compared to its Industrials sector average of 30.1%, Eastern's payout ratio is 6% higher.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| NL Nl Industries Inc | 3.71% | $0.29 | N/A |
| SWK Stanley Black & Decker Inc | 3.62% | $3.23 | N/A |
| CIX Compx International Inc | 3.35% | $1.05 | 57.1% |
| EML Eastern Co | 1.49% | $0.44 | 31.9% |
| MLI Mueller Industries Inc | 1.24% | $0.65 | 12% |
Yes, Eastern has been paying dividends for the last 30 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 May 2024.
Eastern's last regular dividend was on Feb 14, 2024 (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 1.49%.
Eastern pays four dividends per year.
The dividend payout ratio of Eastern is 31.9%.
Eastern's dividend yield is in line with the Industrials sector average.