NAUGATUCK, Conn., Oct 23, 2002 (BUSINESS WIRE) -- The Eastern Company
(AMEX-EML) today announced the declaration of its regular quarterly cash
dividend of eleven cents ($0.11) per share, payable December 16, 2002, to common
stock shareholders of record as of November 22, 2002. This represents the
Company's 249th consecutive quarterly dividend.
The Eastern Company is a 144-year-old a leading manufacturer of vehicular and
industrial hardware, locks, metal castings, coin collection and smart card
products. It operates from ten 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 result 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, 203/729-2255