Eastern Co: Dividend Insights
Portfolio Pulse from Benzinga Insights
Eastern Co (NASDAQ:EML) announced a quarterly dividend of 11 cents per share, with the ex-dividend date set for Wednesday. Shareholders owning the stock by the end of Tuesday are eligible for the payout, which will be distributed on March 15, 2024. The stock is expected to open 11 cents lower on the ex-dividend date.

February 09, 2024 | 2:45 pm
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Eastern Co announced a quarterly dividend of 11 cents per share, with an ex-dividend date this Wednesday. Eligible shareholders will receive the payout on March 15, 2024.
The announcement of a dividend payout typically leads to a short-term decrease in stock price equal to the dividend amount on the ex-dividend date, as the stock price adjusts to reflect the payout. In this case, Eastern Co's stock is expected to open 11 cents lower on the ex-dividend date, indicating a short-term negative impact on the stock price.
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