Understanding Eaton Vance Risk-Managed's Ex-Dividend Date

On March 1, 2021, Eaton Vance Risk-Managed ETJ declared a dividend payable on March 31, 2021 to its shareholders. Eaton Vance Risk-Managed also announced that shareholders on the company's books on or before March 24, 2021 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. Eaton Vance Risk-Managed, which has a current dividend per share of $0.08, has an ex-dividend date scheduled for March 23, 2021. That equates to a dividend yield of 8.65% at current price levels.

What Is An Ex-Dividend Date?

An ex-dividend date signals when a company's shares cease to trade with its current dividend payout. There is a small intermission period before the company announces a new dividend. 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. Typically, companies will announce and implement new dividend yields on a quarterly basis.

Eaton Vance Risk-Managed's Dividend Payouts And Yields

Over the past year, Eaton Vance Risk-Managed has experienced no change regarding its dividend payouts and a downward trend regarding its yields. Last year on November 20, 2020 the company's payout was $0.08, which has returned to its value today. Eaton Vance Risk-Managed's dividend yield last year was 9.7%, which has since decreased by 1.05%.
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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