The Eastern Company Declares Regular Quarterly Cash Dividend
May 01 2020 - 4:06PM
Business Wire
The Eastern Company (NASDAQ:EML) today announced the declaration
of its regular quarterly cash dividend of eleven cents ($0.11) per
share, payable June 15, 2020, to common shareholders of record as
of May 15, 2020. This dividend represents the Company’s 319th
consecutive quarterly dividend.
About the Company
The Eastern Company is a 161 year old company which manages
industrial businesses that design, manufacture and sell unique
engineered solutions to niche markets, focusing on industries that
offer long-term macroeconomic growth opportunities. The Company
operates in three business segments -- Industrial Hardware,
Security Products and Metal Products -- from 21 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.
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The Eastern Company August Vlak or John L. Sullivan
III, 203-729-2255
Eastern (NASDAQ:EML)
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