NAUGATUCK, Conn.--(BUSINESS WIRE)--April 26, 2006--The Board of
Directors of The Eastern Company (AMEX-EML) at a meeting held today,
announced a 9% increase in its quarterly dividend from 11 cents to 12
cents per share payable June 15, 2006, to common stock shareholders of
record as of May 19, 2006.
The declaration of this dividend represents the Company's 263rd
consecutive quarterly dividend - a continuous record for over 65
Leonard F. Leganza, President and CEO of the Company stated, "This
dividend increase is in keeping with our desire to enable our
shareholders to participate in the Company's success. We are pleased
with the favorable performance levels of our operating units and are
particularly pleased with the progress made toward future growth. As
always, we will continue to evaluate additional opportunities to
support our goal of enhancing shareholder value."
The Eastern Company is a 148-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
are 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.
The Eastern Company
Leonard F. Leganza
or John L. Sullivan III,
SOURCE: The Eastern Company