Analyzing Eaton Vance Enhanced's Ex-Dividend Date

On December 1, 2020, Eaton Vance Enhanced EOS declared a dividend payable on December 31, 2020 to its shareholders. Eaton Vance Enhanced also announced that shareholders on the company's books on or before December 24, 2020 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. The ex-dividend date for Eaton Vance Enhanced is set for December 23, 2020. The company's current dividend payout sits at $0.1, equating to a dividend yield of 5.76% at current price levels.

What Is An Ex-Dividend Date?

An ex-dividend date is when a company's shares stop trading with its current dividend payout in preparation for the company to announce a new one. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Most ex-dividend dates operate on a quarterly basis.

Eaton Vance Enhanced's Dividend History

Over the past year, Eaton Vance Enhanced has seen its dividend payouts remain the same and its yields trend downward. Last year on August 21, 2020 the company's payout sat at $0.1, which has returned to its value today. Eaton Vance Enhanced's dividend yield last year was 6.6%, which has since decreased by 0.84%.
Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.

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