Business
The Eastern Company Declares 336th Consecutive Quarterly Cash Dividend
SHELTON, CT / ACCESSWIRE / July 31, 2024 / The Eastern Company (NASDAQ:EML) today announced the declaration of its regular quarterly cash dividend of eleven
About this update from Eastern Company (the)
[{"type":"text","content":"SHELTON, CT / ACCESSWIRE / July 31, 2024 / The Eastern Company (NASDAQ:EML) today announced the declaration of its regular quarterly cash dividend of eleven cents ($0.11) per share, payable September 13, 2024, to common shareholders of record as of August 15, 2024. This dividend represents the Company's 336th consecutive quarterly dividend.About The Eastern CompanyThe Eastern Company manages industrial businesses that design, manufacture and sell unique engineered solutions to markets. Eastern's businesses operate in industries that offer long-term macroeconomic growth opportunities. The Company operates from locations in the U.S., Canada, Mexico, Taiwan, and China. More information on the Company can be found at www.easterncompany.com.Safe Harbor for Forward-Looking StatementsStatements contained in this press release that are not based on historical facts are \"forward-looking statements\" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of forward-looking terminology such as \"would,\" \"should,\" \"could,\" \"may,\" \"will,\" \"expect,\" \"believe,\" \"estimate,\" \"anticipate,\" \"intend,\" \"continue,\" \"plan,\" \"potential,\" \"opportunities,\" or similar terms or variations of those terms or the negative of those terms. There are many factors that affect the Company's business and the results of its operations and that may cause the actual results of operations in future periods to differ materially from those currently expected or anticipated. These factors include: the impact of higher raw material and component costs and cost inflation, supply chain disruptions and shortages, particularly with respect to steel, plastics, scrap iron, zinc, copper, and electronic components; delays in delivery of our products to our customers; the impact of global economic conditions and rising interest rates, and more specifically conditions in the automotive, construction, aerospace, energy, oil and gas, transportation, electronic, and general industrial markets, including the impact, length and degree of economic downturns on the customers and markets we serve and demand for our products, reductions in production levels, the availability, terms and cost of financing, including borrowings under credit arrangements or agreements, the potential impact of...