The Eastern Company Declares Increase in Quarterly Cash Dividend
22 Outubro 2008 - 1:11PM
Business Wire
The Eastern Company (AMEX-EML) today announced a 12.5% increase to
its regular quarterly cash dividend from eight cents ($0.08) per
share to nine cents ($0.09) per share payable December 15, 2008, to
common stock shareholders of record as of November 21, 2008. This
dividend represents the Company�s 273rd consecutive quarterly
dividend. Mr. Leganza Chairman, President and CEO stated, �The
increased dividend reflects our continued and positive confidence
in the financial strength of our Company and the strengths of the
markets we serve. As we recover from the slow down in the economy,
we would like to share the results of that confidence with our
shareholders.� The Eastern Company is a 150-year-old manufacturer
of vehicular and industrial hardware, locks, metal castings, coin
collection and smart card products. It operates from nine locations
in the U.S., Canada, Mexico, Taiwan and China. The diversity of the
Company�s products enables it to respond to the changing
requirements of a broad array of markets. Forward-Looking
Statements: Information in this news release contains statements
which reflect the Company�s current expectations regarding its
future operating performance and achievements. Actual results may
differ due to the many economic uncertainties that affect the
Company�s business environment. Further information about the
potential factors which could affect the Company�s financial
results is included in the Company�s reports and filings with the
Securities and Exchange Commission. The Company is not obligated to
update or revise the aforementioned statements for those new
developments.
Eastern (AMEX:EML)
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