The Eastern Company
EMLIndustrials · Tools & Accessories · Stock · quarterly payer
Forward Yield
1.81%
Annual Dividend
$0.44
Payout Ratio
38%
5-Yr Growth
0.0%
Ex-Date
Aug 14, 2026
Frequency
Quarterly
Key facts about EML's dividend
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, The Eastern Company (EML) has a forward dividend yield of 1.81%, based on an annual dividend of $0.44 per share and a share price of $24.31.
- As of Oct 18, 2026, EML's dividend safety grade from SmarterDividends is A (97 out of 100), which rates the dividend as very safe.
- EML has never cut its regular dividend in the payment history SmarterDividends has on record.
- EML's most recent ex-dividend date was Aug 14, 2026, for a dividend of $0.11 per share.
- As of Oct 18, 2026, EML pays out 38% of its trailing 12-month earnings as dividends (its payout ratio).
- EML's dividend has been roughly flat over the past five years.
- As of Oct 18, 2026, SmarterDividends' blended fair-value estimate for EML is $32.97 per share, 36% above the $24.31 share price, so EML screens as undervalued.
- The Eastern Company (EML) pays its dividend quarterly, 4 times a year.
- The Eastern Company (EML) has raised its regular dividend 11 times and cut it 1 time across the 161 payments on record since 1987. Its most recent change was a 8.3% cut to $0.110 per share, going ex-dividend on Nov 16, 2015.
Cite this page
SmarterDividends, "EML Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 18, 2026, https://smarterdividends.com/stocks/EML
Summary
As of Oct 18, 2026, The Eastern Company (EML) yields 1.81% ($0.44 a year per share) and has a dividend safety grade of A (97/100).
Is EML a good dividend stock?
YesThe Eastern Company (EML) pays a quarterly dividend yielding 1.81% ($0.44/yr), with 0 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- Never cut its dividend on record
- Comfortable payout ratio (38%)
- Top-tier dividend safety score
Risks
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 1.81%
- Payout Ratio
- 38%
- Annual Dividend
- $0.44
- 5-Yr Avg Growth
- 0.0%
- Ex-Dividend Date
- Aug 14, 2026
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- 0.86
- Market Cap
- $146.3M
- P/E Ratio
- 21.1
- 5-Yr Total Return
- -3%
- 52-Week Range
- $17.61 – $29.91
- Dividend Safety
- A · 97/100
- Ever Cut?
- No
EML dividend raises and cuts
The Eastern Company (EML) has raised its regular dividend 11 times and cut it 1 time across the 161 payments on record since 1987. Its most recent change was a 8.3% cut to $0.110 per share, going ex-dividend on Nov 16, 2015.
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Nov 16, 2015 | Cut | $0.120 → $0.110 | −8.3% |
| Aug 17, 2015 | Raise | $0.110 → $0.120 | +9.1% |
| Aug 19, 2013 | Raise | $0.100 → $0.110 | +10.0% |
| Feb 17, 2012 | Raise | $0.0900 → $0.100 | +11.1% |
| Nov 19, 2008 | Raise | $0.0800 → $0.0900 | +12.5% |
| May 17, 2006 | Raise | $0.0733 → $0.0800 | +9.1% |
| May 26, 1999 | Raise | $0.0667 → $0.0733 | +10.0% |
| May 27, 1998 | Raise | $0.0578 → $0.0667 | +15.4% |
| Nov 25, 1997 | Raise | $0.0511 → $0.0578 | +13.0% |
| May 22, 1992 | Raise | $0.0467 → $0.0511 | +9.5% |
| Feb 21, 1991 | Raise | $0.0415 → $0.0468 | +12.9% |
| Aug 22, 1988 | Raise | $0.0370 → $0.0415 | +12.0% |
Frequently Asked Questions
Is EML a good dividend stock?
Yes. The Eastern Company (EML) pays a quarterly dividend yielding 1.81% ($0.44/yr), with 0 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Is EML undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, EML's fair value is about $32.97 versus a $24.31 share price — so it looks undervalued (+36% vs. fair value).
Is EML's dividend safe?
EML has a dividend-safety grade of A (97/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a clean no-cut history, debt and yield-versus-history.
What is EML's fair value?
Our blended fair-value estimate for EML is about $32.97 per share, roughly 36% above the current $24.31 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is EML a buy, hold, or sell?
We don't issue formal ratings, but on the data EML screens as "yes" and undervalued. The Eastern Company (EML) pays a quarterly dividend yielding 1.81% ($0.44/yr), with 0 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.
Will EML cut its dividend?
EML earns a dividend-safety grade of A (97/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does EML pay a dividend?
Yes. The Eastern Company pays a quarterly dividend of about $0.44 per share annually, a forward yield of roughly 1.81%.
What is EML's dividend yield?
As of Oct 18, 2026, EML's forward dividend yield is 1.81%, based on a $0.44 annual dividend and a $24.31 share price.
What is EML's dividend per share?
As of Oct 18, 2026, EML pays $0.44 per share per year, distributed on a quarterly basis.
What is EML's dividend payout ratio?
As of Oct 18, 2026, EML's payout ratio is 38% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.
How many years has EML grown its dividend?
EML does not currently have a long dividend-growth streak on record.
When is the next EML ex-dividend date?
As of Oct 18, 2026, EML's next ex-dividend date hasn't been announced. The most recent was Aug 14, 2026, for $0.11 per share.
EML Price — Last 12 Months
Daily close
Price Return
1 Year
+25%
3 Years
+34%
5 Years
-3%
52-Week Range
$17.61 – $29.91
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is EML worth?
Undervaluedlow confidenceOur blended fair-value estimate for The Eastern Company is $32.97 per share, versus a market price of $24.31. That implies 36% of upside — a margin of safety of about 26%.
Fair Value
$32.97
Current Price
$24.31
Upside
+36%
Margin of Safety
26%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 1.9% annual free-cash-flow growth. We model 12.0% — below our estimate, leaving room for upside if the business executes.
Assumptions: 8.6% discount rate (CAPM), 12.0% growth for five years fading to 2.5% over the next five, $1.15 EPS, $0.44 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
EML Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full EML dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 14, 2026 | Sep 15, 2026 | $0.1100 | regular |
| May 15, 2026 | Jun 15, 2026 | $0.1100 | regular |
| Feb 13, 2026 | Mar 13, 2026 | $0.1100 | regular |
| Nov 14, 2025 | Dec 15, 2025 | $0.1100 | regular |
| Aug 15, 2025 | Sep 15, 2025 | $0.1100 | regular |
| May 15, 2025 | Jun 16, 2025 | $0.1100 | regular |
| Feb 14, 2025 | Mar 14, 2025 | $0.1100 | regular |
| Nov 15, 2024 | Dec 13, 2024 | $0.1100 | regular |
| Aug 15, 2024 | Sep 13, 2024 | $0.1100 | regular |
| May 14, 2024 | Jun 17, 2024 | $0.1100 | regular |
| Feb 14, 2024 | Mar 15, 2024 | $0.1100 | regular |
| Nov 14, 2023 | Dec 15, 2023 | $0.1100 | regular |
| Aug 14, 2023 | Sep 15, 2023 | $0.1100 | regular |
| May 12, 2023 | Jun 15, 2023 | $0.1100 | regular |
Income Calculator
At $0.44 / yr per share
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